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Top Income Shares in Greece from Dictatorship to Crisis: 1967-2017

Author

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  • Franciscos Koutentakis

    (Department of Economics, University of Crete, Greece)

  • Kostas Chrissis

Abstract

The paper calculates the top income shares in Greece from 1967 (the seizure of power by the military dictatorship) until 2017 (the aftermath of the debt crisis). This long-run perspective allows for the examination of the relationship between inequality and institutional transformations, namely democracy, finance and crisis. We find in particular that (a) transition to democracy did not affect the income share of the top decile, whereas social democracy had a significant negative impact (b) financial development and liberalization substantially increased all top decile shares (c) debt crisis, consolidation and recession were beneficial for the upper ranks of the top decile.

Suggested Citation

  • Franciscos Koutentakis & Kostas Chrissis, 2020. "Top Income Shares in Greece from Dictatorship to Crisis: 1967-2017," Working Papers 2002, University of Crete, Department of Economics.
  • Handle: RePEc:crt:wpaper:2002
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    References listed on IDEAS

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    More about this item

    Keywords

    inequality; Greece; top incomes;
    All these keywords.

    JEL classification:

    • D3 - Microeconomics - - Distribution
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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