Income Inequality in France, 1901-1998
This paper uses data from income tax returns (191598), wage tax returns (191998), and inheritance tax returns (190294) in order to compute homogeneous, yearly estimates of income, wage, and wealth inequality for twentieth-century France. The main conclusion is that the decline in income inequality that took place during the first half of the century was mostly accidental. In France, and possibly in a number of other countries as well, wage inequality has been extremely stable in the long run, and the secular decline in income inequality is for the most part a capital income phenomenon. Holders of large fortunes were badly hurt by major shocks during the 191445 period, and they were never able to fully recover from these shocks, probably because of the dynamic effects of progressive taxation on capital accumulation and pretax income inequality.
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Volume (Year): 111 (2003)
Issue (Month): 5 (October)
Pages: 1004-1042
| Handle: | RePEc:ucp:jpolec:v:111:y:2003:i:5:p:1004-1042 |
| Contact details of provider: | Web page: http://www.journals.uchicago.edu/JPE/
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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.:
- Simon Kuznets & Elizabeth Jenks, 1953.
"Shares of Upper Income Groups in Income and Savings,"
NBER Books,
National Bureau of Economic Research, Inc, number kuzn53-1, October.
- Simon Kuznets, 1950. "Shares of Upper Income Groups in Income and Savings," NBER Books, National Bureau of Economic Research, Inc, number kuzn50-1, October.
- Simon Kuznets & Elizabeth Jenks, 1953. "Shares of Upper Income Groups in Savings," NBER Chapters,in: Shares of Upper Income Groups in Income and Savings, pages 171-218 National Bureau of Economic Research, Inc.
- Simon Kuznets, 1950. "Shares of Upper Income Groups in Savings," NBER Chapters,in: Shares of Upper Income Groups in Income and Savings, pages 45-58 National Bureau of Economic Research, Inc.
- Claudia Goldin & Robert A. Margo, 1992. "The Great Compression: The Wage Structure in the United States at Mid-Century," The Quarterly Journal of Economics, Oxford University Press, vol. 107(1), pages 1-34.
- Claudia Goldin & Robert A. Margo, 1991. "The Great Compression: The Wage Structure in the United States at Mid- Century," NBER Working Papers 3817, National Bureau of Economic Research, Inc.
- James M. Poterba (ed.), 1993. "Tax Policy and the Economy, Volume 7," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262660814, July. Full references (including those not matched with items on IDEAS)
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