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Democracy, cognitive skill, and top 1% income share in the 21st century

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  • Yamamura, Eiji

Abstract

Studies to date have shown that income concentration for the top 1% income share, the super-rich, has increased conspicuously in the 21st century. However, there is insufficient knowledge on how political factors and types of human capital influence income concentration. Using cross-country data from this century, I provide empirical evidence that shows that democracy and cognitive skill are negatively correlated to the top 1% income share.

Suggested Citation

  • Yamamura, Eiji, 2015. "Democracy, cognitive skill, and top 1% income share in the 21st century," MPRA Paper 64194, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:64194
    as

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    File URL: https://mpra.ub.uni-muenchen.de/64194/1/MPRA_paper_64194.pdf
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    References listed on IDEAS

    as
    1. Christian Morrisson & Fabrice Murtin, 2009. "The Century of Education," Journal of Human Capital, University of Chicago Press, vol. 3(1), pages 1-42.
    2. Daron Acemoglu & James A. Robinson, 2000. "Why Did the West Extend the Franchise? Democracy, Inequality, and Growth in Historical Perspective," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 115(4), pages 1167-1199.
    3. Anthony Atkinson & Thomas Piketty, 2007. "Top incomes over the twentieth century: A contrast between continental european and english-speaking countries," Post-Print halshs-00754859, HAL.
    4. Atkinson, A. B. & Piketty, Thomas (ed.), 2007. "Top Incomes Over the Twentieth Century: A Contrast Between Continental European and English-Speaking Countries," OUP Catalogue, Oxford University Press, number 9780199286881.
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    More about this item

    Keywords

    Democracy; Cognitive skill; Top 1% income share;
    All these keywords.

    JEL classification:

    • I24 - Health, Education, and Welfare - - Education - - - Education and Inequality
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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