Global Inequality Dynamics: New Findings from WID.world

Facundo Alvaredo · Lucas Chancel · Thomas Piketty · Emmanuel Saez · Gabriel Zucman

130 citations0/0 files storedNational Bureau of Economic Research

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Income, Poverty, and Inequality Historical Economic and Social Studies Economic Theory and Policy

Abstract

This paper presents new findings on global inequality dynamics from the World Wealth and Income Database (WID.world), with particular emphasis on the contrast between the trends observed in the United States, China, France, and the United Kingdom.We observe rising top income and wealth shares in nearly all countries in recent decades.But the magnitude of the increase varies substantially, thereby suggesting that different country-specific policies and institutions matter considerably.Long-run wealth inequality dynamics appear to be highly unstable.We stress the need for more democratic transparency on income and wealth dynamics and better access to administrative and financial data.

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References

2003Income Inequality in the United States, 1913-1998 2011Top Incomes in the Long Run of History 2014Capital is Back: Wealth-Income Ratios in Rich Countries 1700–2010 *2017Distributional National Accounts: Methods and Estimates for the United States*2003Income Inequality in France, 1901–1998 2014Taxing across Borders: Tracking Personal Wealth and Corporate Profits 2019Capital Accumulation, Private Property, and Rising Inequality in China, 1978–2015 2017World Top Incomes Database

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