Roine, Jesper; Vlachos, Jonas; Waldenström, Daniel - Nationalekonomiska institutionen, Stockholms Universitet - 2007
This paper examines the long-run determinants of the evolution of top income shares. Using a newly assembled panel of 16 developed countries over the entire twentieth century, we find that financial development disproportionately boosts top incomes. This effect appears to be particularly strong...