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Wealth and ideology in Italy : the 1923 "quasi abolition" of inheritance tax and Fascists' "middle class politics"

Gabbuti, Giacomo - 2023

In summer 1923, pursuant to the 'full powers' granted him by the Parliament to balance the budget, Alberto De Stefani - appointed in October 1922 as Mussolini's Treasury Minister - announced the abolition of inheritance tax. The most iconic act of Fascist 'financial restauration' of 1922-25, the...

Persistent link: https://www.econbiz.de/10013489766

Testing Marx

Bartels, Charlotte; Kersting, Felix; Wolf, Nikolaus - 2023

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 …

Persistent link: https://www.econbiz.de/10014477385

Inequality and relative saving rates at the top

Lieberknecht, Philipp; Vermeulen, Philip - 2018

We estimate the long- and short-run relationship between top income and wealth shares for France and the US since 1913. We find strong evidence for a long-run cointegration relationship governed by relative saving rates at the top. For both countries, we estimate a decline in the relative saving...

Persistent link: https://www.econbiz.de/10011929816

Inequality and Relative Saving Rates at the Top

Lieberknecht, Philipp; Vermeulen, Philip - 2021

Persistent link: https://www.econbiz.de/10013315379

Wealth and income inequality in the long run

Lieberknecht, Philipp; Vermeulen, Philip - 2022

This paper analyses the joint long-run evolution of wealth and income inequality. We show that top wealth and income shares were cointegrated over the past century in France and the US. We rationalise this finding using a two-agent version of the Solow growth model. In this framework, the...

Persistent link: https://www.econbiz.de/10013406476

Wealth and income inequality in the long run

Lieberknecht, Philipp; Vermeulen, Philip - 2022 - This version: May 12, 2022

Persistent link: https://www.econbiz.de/10013202036

Chapter 3 Three centuries of inequality in Britain and America

Lindert, Peter H. - In: Handbook of income distribution : volume 1, (pp. 167-216). 2000

Income and wealth inequality rose over the first 150 years of US history. They rose in Britain before 1875, especially 1740–1810. The first half of the 20th century equalized pre-fisc incomes both in Britain and in America. From the 1970s to the 1990s inequality rose in both countries,...

Persistent link: https://www.econbiz.de/10014024206

Three Centuries of Inequality in Britain and America

Lindert, Peter H.; Raymond, Donna Wills - 2000

Income and wealth inequality rose over the first 150 years of U.S. history. They may have risen at times in Britain before 1875. The first half of this century equalized pre-fisc incomes more in Britain than in America. From the 1970s to the 1990s inequality rose in both countries, reversing...

Persistent link: https://www.econbiz.de/10014072789

Chapter 4 Historical perspectives on income distribution: The case of Europe

Morrisson, Christian - In: Handbook of income distribution : volume 1, (pp. 217-260). 2000

The evolution of income distribution over two centuries is an attractive topic because it allows one to test the inverse U-curve hypothesis using long series instead of cross-section data. In Section 1 the distribution trends in countries where global data are available, is considered, that is...

Persistent link: https://www.econbiz.de/10014024205

The ins and outs of top income mobility

Aaberge, Rolf; Atkinson, Anthony B.; Modalsli, Jørgen - 2013

This paper is concerned with the question of whether top income earners are permanently there or only temporarily receive the highest incomes. How much mobility is there at the top of the income distribution, and how has mobility changed over time? The paper makes both a methodological and an...

Persistent link: https://www.econbiz.de/10010211222