This paper presents new statistical evidence on the long-term evolution of income inequality in Portugal. Portuguese tax sources have been employed to estimate top income shares from 1936 onwards, with the methodology used to derive such inequality measure being taken from Piketty (2001). The new series show a decrease in top income shares during WWII, followed by a recovery up until the early 1950s. From the mid-fifties to the early eighties there was a huge decline in top income shares. Finally, during the 1990s top income shares once again increased. This pattern is very similar to the experience of other countries: the decline of top income shares during the Golden Age has been observed in most other cases, and their increase during the 1990s seems to put Portugal on a par with the experience of Anglo-Saxon countries.
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Paper provided by Universitat de Barcelona. Espai de Recerca en Economia in its series Working Papers in Economics with number
195.
Length: 46 pages Date of creation: 2008 Date of revision: Handle: RePEc:bar:bedcje:2008195
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Find related papers by JEL classification: H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Branko Milanovic & Peter H. Lindert & Jeffrey G. Williamson, 2007.
"Measuring Ancient Inequality,"
NBER Working Papers
13550, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Other versions:
Milanovic, Branko & Lindert, Peter & Williamson, Jeffrey, 2007.
"Measuring Ancient Inequality,"
MPRA Paper
5388, University Library of Munich, Germany.
[Downloadable!]
Jeffrey G. Williamson & Branko Milanovic & Peter H. Lindert, 2008.
"Measuring Ancient Inequality,"
Working Papers
08-06, Association Française de Cliométrie (AFC).
[Downloadable!]
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