We study the dynamics of income inequality, capital concentration, and voting outcomes before 1914. Based on new panel … 1914. We show that the increase in inequality was strongly correlated with a rising capital share, as predicted by Marxists … at the time. In contrast, rising capital concentration was not associated with increasing income inequality. Relying on …

We study the dynamics of capital accumulation, income inequality, capital concentration, and voting up to 1914. Based … critics. We show that changes in capital accumulation led to a rise in the capital share and income inequality, as predicted … by orthodox Marxists. But against their predictions, this did neither lead to further capital concentration nor to more …

22.8 per cent in the top 0.1 per cent income group. The composition of total income-labour, business, and capital income …-is broadly similar for men and women at the top, with the importance of business and capital increasing at the very top. However …, while women's capital income is more concentrated on rental income from real estate, men are more likely to earn capital …