Capital and Labor Income Pareto Exponents in the United States, 1916-2019
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- M. Ivette Gomes & Armelle Guillou, 2015. "Extreme Value Theory and Statistics of Univariate Extremes: A Review," International Statistical Review, International Statistical Institute, vol. 83(2), pages 263-292, August.
- Stephen P. Jenkins, 2017.
"Pareto Models, Top Incomes and Recent Trends in UK Income Inequality,"
Economica, London School of Economics and Political Science, vol. 84(334), pages 261-289, April.
- Stephen P Jenkins, 2016. "Pareto models, top incomes, and recent trends in UK income inequality," STICERD - Public Economics Programme Discussion Papers 30, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
- Jenkins, Stephen P., 2017. "Pareto models, top incomes, and recent trends in UK income inequality," LSE Research Online Documents on Economics 67667, London School of Economics and Political Science, LSE Library.
- P. Jenkins, Stephen, 2016. "Pareto models, top incomes, and recent trends in UK income inequality," ISER Working Paper Series 2016-07, Institute for Social and Economic Research.
- Jenkins, Stephen P., 2016. "Pareto Models, Top Incomes, and Recent Trends in UK Income Inequality," IZA Discussion Papers 10124, Institute of Labor Economics (IZA).
- Reed, William J., 2001. "The Pareto, Zipf and other power laws," Economics Letters, Elsevier, vol. 74(1), pages 15-19, December.
- Marat Ibragimov & Rustam Ibragimov, 2018. "Heavy tails and upper-tail inequality: The case of Russia," Empirical Economics, Springer, vol. 54(2), pages 823-837, March.
- Xavier Gabaix & Rustam Ibragimov, 2011.
"Rank - 1 / 2: A Simple Way to Improve the OLS Estimation of Tail Exponents,"
Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 29(1), pages 24-39, January.
- Xavier Gabaix & Rustam Ibragimov, 2007. "Rank-1/2: A Simple Way to Improve the OLS Estimation of Tail Exponents," NBER Technical Working Papers 0342, National Bureau of Economic Research, Inc.
- Tjeerd de Vries & Alexis Akira Toda, 2022.
"Capital and Labor Income Pareto Exponents Across Time and Space,"
Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 68(4), pages 1058-1078, December.
- Tjeerd de Vries & Alexis Akira Toda, 2020. "Capital and Labor Income Pareto Exponents across Time and Space," Papers 2006.03441, arXiv.org, revised Jun 2021.
- Tjeerd de Vries & Alexis Akira Toda, 2021. "Capital and Labor Income Pareto Exponents across Time and Space," LIS Working papers 794, LIS Cross-National Data Center in Luxembourg.
- Alexis Akira Toda & Yulong Wang, 2021.
"Efficient minimum distance estimation of Pareto exponent from top income shares,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 36(2), pages 228-243, March.
- Alexis Akira Toda & Yulong Wang, 2019. "Efficient Minimum Distance Estimation of Pareto Exponent from Top Income Shares," Papers 1901.02471, arXiv.org, revised Feb 2020.
- Philip Vermeulen, 2018.
"How Fat is the Top Tail of the Wealth Distribution?,"
Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 64(2), pages 357-387, June.
- Vermeulen, Philip, 2014. "How fat is the top tail of the wealth distribution?," Working Paper Series 1692, European Central Bank.
- Saez, Emmanuel & Stantcheva, Stefanie, 2018.
"A simpler theory of optimal capital taxation,"
Journal of Public Economics, Elsevier, vol. 162(C), pages 120-142.
- Emmanuel Saez & Stefanie Stantcheva, 2016. "A Simpler Theory of Optimal Capital Taxation," NBER Working Papers 22664, National Bureau of Economic Research, Inc.
- Toda, Alexis Akira, 2012. "The double power law in income distribution: Explanations and evidence," Journal of Economic Behavior & Organization, Elsevier, vol. 84(1), pages 364-381.
- Klass, Oren S. & Biham, Ofer & Levy, Moshe & Malcai, Ofer & Solomon, Sorin, 2006. "The Forbes 400 and the Pareto wealth distribution," Economics Letters, Elsevier, vol. 90(2), pages 290-295, February.
- Daniel R. Feenberg & James M. Poterba, 1993.
"Income Inequality and the Incomes of Very High-Income Taxpayers: Evidence from Tax Returns,"
NBER Chapters, in: Tax Policy and the Economy, Volume 7, pages 145-177,
National Bureau of Economic Research, Inc.
- Feenberg, D.R. & Poterba, J.M., 1992. "Income Inequality and the Incomes of Very High Income Taxpayers: Evidence from Tax Returns," Working papers 92-16, Massachusetts Institute of Technology (MIT), Department of Economics.
- Daniel Feenberg & James Poterba, 1992. "Income Inequality and the Incomes of Very High Income Taxpayers: Evidence from Tax Returns," NBER Working Papers 4229, National Bureau of Economic Research, Inc.
- Brendan K. Beare & Alexis Akira Toda, 2022.
"Determination of Pareto Exponents in Economic Models Driven by Markov Multiplicative Processes,"
Econometrica, Econometric Society, vol. 90(4), pages 1811-1833, July.
- Brendan K. Beare & Alexis Akira Toda, 2017. "Determination of Pareto exponents in economic models driven by Markov multiplicative processes," Papers 1712.01431, arXiv.org, revised Jan 2022.
- Emmanuel Saez, 2001.
"Using Elasticities to Derive Optimal Income Tax Rates,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 68(1), pages 205-229.
- Emmanuel Saez, 2000. "Using Elasticities to Derive Optimal Income Tax Rates," NBER Working Papers 7628, National Bureau of Economic Research, Inc.
- Alexis Akira Toda & Kieran James Walsh & Stijn Van Nieuwerburgh, 2020.
"The Equity Premium and the One Percent,"
The Review of Financial Studies, Society for Financial Studies, vol. 33(8), pages 3583-3623.
- Toda, Alexis Akira & Walsh, Kieran James, 2014. "The Equity Premium and the One Percent," MPRA Paper 79009, University Library of Munich, Germany, revised 28 Feb 2017.
- Xavier Gabaix, 2009.
"Power Laws in Economics and Finance,"
Annual Review of Economics, Annual Reviews, vol. 1(1), pages 255-294, May.
- Xavier Gabaix, 2008. "Power Laws in Economics and Finance," NBER Working Papers 14299, National Bureau of Economic Research, Inc.
- Makoto Nirei & Wataru Souma, 2007. "A Two Factor Model Of Income Distribution Dynamics," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 53(3), pages 440-459, September.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Tjeerd de Vries & Alexis Akira Toda, 2022.
"Capital and Labor Income Pareto Exponents Across Time and Space,"
Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 68(4), pages 1058-1078, December.
- Tjeerd de Vries & Alexis Akira Toda, 2020. "Capital and Labor Income Pareto Exponents across Time and Space," Papers 2006.03441, arXiv.org, revised Jun 2021.
- Tjeerd de Vries & Alexis Akira Toda, 2021. "Capital and Labor Income Pareto Exponents across Time and Space," LIS Working papers 794, LIS Cross-National Data Center in Luxembourg.
- Alexis Akira Toda & Yulong Wang, 2021.
"Efficient minimum distance estimation of Pareto exponent from top income shares,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 36(2), pages 228-243, March.
- Alexis Akira Toda & Yulong Wang, 2019. "Efficient Minimum Distance Estimation of Pareto Exponent from Top Income Shares," Papers 1901.02471, arXiv.org, revised Feb 2020.
- Ji Hyung Lee & Yuya Sasaki & Alexis Akira Toda & Yulong Wang, 2021. "Fixed-k Tail Regression: New Evidence on Tax and Wealth Inequality from Forbes 400," Papers 2105.10007, arXiv.org, revised Sep 2022.
- Toda, Alexis Akira, 2019.
"Wealth distribution with random discount factors,"
Journal of Monetary Economics, Elsevier, vol. 104(C), pages 101-113.
- Toda, Alexis Akira, 2017. "Wealth Distribution with Random Discount Factors," University of California at San Diego, Economics Working Paper Series qt5n29f260, Department of Economics, UC San Diego.
- Brendan K. Beare & Alexis Akira Toda, 2022.
"Determination of Pareto Exponents in Economic Models Driven by Markov Multiplicative Processes,"
Econometrica, Econometric Society, vol. 90(4), pages 1811-1833, July.
- Brendan K. Beare & Alexis Akira Toda, 2017. "Determination of Pareto exponents in economic models driven by Markov multiplicative processes," Papers 1712.01431, arXiv.org, revised Jan 2022.
- Gouin-Bonenfant, Emilien & Toda, Alexis Akira, 2018.
"Pareto Extrapolation: Bridging Theoretical and Quantitative Models of Wealth Inequality,"
University of California at San Diego, Economics Working Paper Series
qt90n2h2bb, Department of Economics, UC San Diego.
- Emilien Gouin-Bonenfant & Alexis Akira Toda, 2019. "Pareto Extrapolation: Bridging Theoretical and Quantitative Models of Wealth Inequality," 2019 Meeting Papers 152, Society for Economic Dynamics.
- Vladimir Hlasny, 2021.
"Parametric representation of the top of income distributions: Options, historical evidence, and model selection,"
Journal of Economic Surveys, Wiley Blackwell, vol. 35(4), pages 1217-1256, September.
- Vladimir Hlasny, 2020. "Parametric Representation of the Top of Income Distributions: Options, Historical Evidence and Model Selection," Working Papers 547, ECINEQ, Society for the Study of Economic Inequality.
- Vladimir Hlasny, 2020. "Parametric Representation of the Top of Income Distributions: Options, Historical Evidence and Model Selection," Commitment to Equity (CEQ) Working Paper Series 90, Tulane University, Department of Economics.
- Beare, Brendan K & Toda, Alexis Akira, 2020. "On the emergence of a power law in the distribution of COVID-19 cases," University of California at San Diego, Economics Working Paper Series qt9k5027d0, Department of Economics, UC San Diego.
- Stachurski, John & Toda, Alexis Akira, 2019.
"An impossibility theorem for wealth in heterogeneous-agent models with limited heterogeneity,"
Journal of Economic Theory, Elsevier, vol. 182(C), pages 1-24.
- John Stachurski & Alexis Akira Toda, 2018. "An Impossibility Theorem for Wealth in Heterogeneous-agent Models with Limited Heterogeneity," Papers 1807.08404, arXiv.org, revised Jan 2019.
- John Stachurski & Alexis Akira Toda, 2019. "An Impossibility Theorem for Wealth in Heterogeneous-agent Models with Limited Heterogeneity," 2019 Meeting Papers 151, Society for Economic Dynamics.
- Arun Advani & George Bangham & Jack Leslie, 2021.
"The UK's wealth distribution and characteristics of high‐wealth households,"
Fiscal Studies, John Wiley & Sons, vol. 42(3-4), pages 397-430, September.
- Advani, Arun & Bangham, George & Leslie, Jack, 2021. "The UK's wealth distribution and characteristics of high-wealth households," CAGE Online Working Paper Series 576, Competitive Advantage in the Global Economy (CAGE).
- Advani, Arun & Bangham, George & Leslie, Jack, 2021. "The UK’s wealth distribution and characteristics of high-wealth households," The Warwick Economics Research Paper Series (TWERPS) 1367, University of Warwick, Department of Economics.
- Advani, Arun & Bangham, George & Leslie, Jack, 2021. "The UK's wealth distribution and characteristics of high-wealth households," LSE Research Online Documents on Economics 112698, London School of Economics and Political Science, LSE Library.
- Rustam Ibragimov & Paul Kattuman & Anton Skrobotov, 2021. "Robust Inference on Income Inequality: $t$-Statistic Based Approaches," Papers 2105.05335, arXiv.org, revised Nov 2021.
- Behzod B. Ahundjanov & Sherzod B. Akhundjanov & Botir B. Okhunjanov, 2022. "Power law in COVID‐19 cases in China," Journal of the Royal Statistical Society Series A, Royal Statistical Society, vol. 185(2), pages 699-719, April.
- Émilien Gouin‐Bonenfant & Alexis Akira Toda, 2023. "Pareto extrapolation: An analytical framework for studying tail inequality," Quantitative Economics, Econometric Society, vol. 14(1), pages 201-233, January.
- Sherzod B. Akhundjanov & Alexis Akira Toda, 2020. "Is Gibrat’s “Economic Inequality” lognormal?," Empirical Economics, Springer, vol. 59(5), pages 2071-2091, November.
- Igor Fedotenkov, 2020.
"A Review of More than One Hundred Pareto-Tail Index Estimators,"
Statistica, Department of Statistics, University of Bologna, vol. 80(3), pages 245-299.
- Fedotenkov, Igor, 2018. "A review of more than one hundred Pareto-tail index estimators," MPRA Paper 90072, University Library of Munich, Germany.
- Xavier Gabaix, 2009.
"Power Laws in Economics and Finance,"
Annual Review of Economics, Annual Reviews, vol. 1(1), pages 255-294, May.
- Xavier Gabaix, 2008. "Power Laws in Economics and Finance," NBER Working Papers 14299, National Bureau of Economic Research, Inc.
- Arthur Charpentier & Emmanuel Flachaire, 2022.
"Pareto models for top incomes and wealth,"
The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 20(1), pages 1-25, March.
- Arthur Charpentier & Emmanuel Flachaire, 2022. "Pareto models for top incomes and wealth," Post-Print hal-03649428, HAL.
- Diego Winkelried & Bruno Escobar, 2022.
"Declining inequality in Latin America? Robustness checks for Peru,"
The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 20(1), pages 223-243, March.
- Winkelried, Diego & Escobar, Bruno, 2020. "Declining inequality in Latin America? Robustness checks for Peru," MPRA Paper 106566, University Library of Munich, Germany.
- Ramos, Arturo & Sanz-Gracia, Fernando & González-Val, Rafael, 2013.
"A new framework for the US city size distribution: Empirical evidence and theory,"
MPRA Paper
52190, University Library of Munich, Germany.
- Rafael González-Val & Arturo Ramos & Fernando Sanz-Gracia, 2014. "A new framework for US city size distribution: Empirical evidence and theory," ERSA conference papers ersa14p633, European Regional Science Association.
- Akhundjanov, Sherzod B. & Devadoss, Stephen & Luckstead, Jeff, 2017. "Size distribution of national CO2 emissions," Energy Economics, Elsevier, vol. 66(C), pages 182-193.
More about this item
NEP fields
This paper has been announced in the following NEP Reports:- NEP-FDG-2022-08-08 (Financial Development and Growth)
- NEP-PUB-2022-08-08 (Public Finance)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:arx:papers:2206.04257. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: arXiv administrators (email available below). General contact details of provider: http://arxiv.org/ .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.