In the United States, the share of total pre-tax income accruing to the top 1% has more than doubled from less than 10% in the 1970s to over 20% today (CBO 2011 and Piketty and Saez 2003). A similar pattern is true of other English-speaking countries. Contrary to the widely held view, however, globalisation and new technologies are not to blame.
Taxing the 1%: Why the top tax rate could be over 80%
Thomas Piketty, Emmanuel Saez, Stefanie Stantcheva, 8 December 2011
Does the winner take it all? Wage inequality and exports
Dieter M. Urban, Christoph Moser, 6 September 2010
The theoretical case for the potential effect of trade on the distribution of income has a long and distinguished history.
What are the real returns from a higher education?
Enrico Moretti, 3 November 2008
Despite a large literature documenting the increase in the wage returns from a higher education over the last 30 years, the rate of growth in the number of college graduates in the US is still low relative to earlier periods.
Can wage inequality be explained by increasing dispersion in firm productivity?
Giulia Faggio , Kjell G. Salvanes, John Van Reenen, 25 November 2007
Wage inequality has increased substantially in the United States and the United Kingdom in the last thirty years. This fact, which is now solidly established, fuels debate on a wide range of policy measures ranging from taxation, corporate governance and labour market institutions all the way to trade, education, and safety-net policies.
Offshoring may reduce income inequality in short term
Karolina Ekholm, Karen-Helene Ulltveit-Moe, 30 July 2007
The received wisdom about the relative wages of skilled workers in the US is that the wage gap is growing as the skill intensity within industries is increasing, and these changes in wage and employment structure are often attributed to skill-based technical changes rather than to globalization and trade. Since the early 1990s, however, the pattern has been different.
More incentives for employees to work longer hours in US than in Europe
Josep Pijoan-Mas, Claudio Michelacci, 28 May 2007
Since the 1970s, the number of hours worked per employee has fallen substantially in continental Europe, while it has remained roughly constant in the US after reverting a trend of secular decline.
- A tale of two depressions: What do the new data tell us? February 2010 updateEichengreen, O’Rourke
- Educated in America: College graduates and high school dropoutsHeckman, LaFontaine
- Eurozone breakup would trigger the mother of all financial crisesEichengreen
- Panic-driven austerity in the Eurozone and its implicationsDe Grauwe, Ji
- Debt, deleveraging, and the liquidity trap: A new modelKrugman
Cadot, de Melo, 16 June 2014
CEPR Policy Research
- The buyer margins of firms' exportsCarballo, Ottaviano, Volpe
- Commodity and Equity Markets: Some Stylized Facts from a Copula ApproachDelatte, Lopez
- Ethnic Unemployment Rates and Frictional MarketsGobillon, Rupert, Wasmer
- Finance and Poverty: Evidence from IndiaAyyagari, Beck, Hoseini
- The Manipulation of Basel Risk-WeightsMariathasan, Merrouche
- The economics of Scottish independence in an interdependent worldHughes Hallett
- Making city lights shine brighterYusuf, Leipziger
- The euro in the 'currency war'Bénassy-Quéré, Martin
- The roots of shadow bankingPerotti
- What’s wrong with Europe?Baldini, Manasse
- Corporate Finance Theory Symposium19 - 20 September 2014 / Cambridge / Judge Business School, Cambridge University
- International Trade, Finance, and Macroeconomics: Research Frontiers and Challenges for Policy18 - 19 December 2014 / The Bank of England, London / The Bank of England, Centre for Macroeconomics and CEPR