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Using taxation and household survey data, this paper estimates top income shares for Indonesia during 1920-2004. Our … evidence that top income shares fell in the early-2000s. For pre-war Indonesia, we decompose top income shares by income source … century, top income shares in Indonesia have been higher than in India, broadly comparable to Japan, and somewhat lower than …
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This paper is about “Capital in the Twenty-first Century” by Thomas Piketty. It identifies his central macroeconomic claims and examines them, arguing that the contentions are theoretically and empirically unwarranted.
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Globalisation has a major impact on the levels and distribution of wealth. The financial markets are highly integrated … wealth over the past 25 years. Nonetheless, this has not led to an equally large increase in property income because the … decrease in rates of return seems to contradict claims that, due to an increase in both financial and inherited wealth, we are …
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, 19th century weight was higher in states with greater average wealth and population density and lower in states with … greater wealth inequality. …
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