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This study presents new homogenous series of top income shares in Sweden over the period 1903 to 2004. We find that … included or not. Including them, Sweden’s experience resembles that in the U.S. and the U.K. with sharp increases in top … incomes, whereas excluding them Sweden looks more like the Continental European countries where top income shares have …
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This study presents new homogenous series of top income shares in Sweden over the period 1903-2004. We find that …. When included, Sweden's experience resembles that in the U.S. and the U.K. with sharp increases in top incomes. Excluding … capital gains, Sweden looks more like the continental European countries where top income shares have remained relatively …
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This paper shows that geographical investor heterogeneity strongly influences sovereign risk. While standard sovereign debt models mainly attribute the absence of sovereign defaults to foreign creditor retaliation, a new theoretical literature argues that domestic creditors also affect borrowing...
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