The long-run history of income inequality in Denmark: Top incomes from 1870 to 2010
We use historical publications and – for more recent years – micro-data from the income tax and wealth tax returns to estimate the development in income inequality in Denmark over the last 140 years. The paper breaks new ground in treating the specific features of the Danish Tax system and in analysing the implications of the switch from joint to individual taxation. We show that income inequality have declined substantially over the last century with an income share for the top 1 per cent dropping from 27.6 per cent from its peak in 1917 to 6.4 in 2010. However the decline is not simply a secular downward trend consistent with the downward part of a Kuznets curve. Instead there seems to be several distinct phases, interleaved with periods of stability.
|Date of creation:||Feb 2013|
|Date of revision:|
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Web page: http://www.econ.ku.dk/epru/
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- Thomas Piketty, 2003. "Income Inequality in France, 1901-1998," Journal of Political Economy, University of Chicago Press, vol. 111(5), pages 1004-1042, October.
- Simon Halphen Boserup & Jori Veng Pinje, 2010.
"Tax Evasion, Information Reporting, and the Regressive Bias Hypothesis,"
EPRU Working Paper Series
2010-13, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics.
- Pinje, Jori Veng & Boserup, Simon Halphen, 2011. "Tax evasion, information reporting, and the regressive bias hypothesis," MPRA Paper 28406, University Library of Munich, Germany.
- Anthony Atkinson & Thomas Piketty & Emmanuel Saez, 2011.
"Top Incomes in the Long Run of History,"
- Thomas Piketty & Emmanuel Saez & Stefanie Stantcheva, 2014.
"Optimal Taxation of Top Labor Incomes: A Tale of Three Elasticities,"
PSE - Labex "OSE-Ouvrir la Science Economique"
- Thomas Piketty & Emmanuel Saez & Stefanie Stantcheva, 2014. "Optimal Taxation of Top Labor Incomes: A Tale of Three Elasticities," American Economic Journal: Economic Policy, American Economic Association, vol. 6(1), pages 230-71, February.
- Thomas Piketty & Emmanuel Saez & Stefanie Stantcheva, 2011. "Optimal Taxation of Top Labor Incomes: A Tale of Three Elasticities," NBER Working Papers 17616, National Bureau of Economic Research, Inc.
- Piketty, Thomas & Saez, Emmanuel & Stantcheva, Stefanie, 2011. "Optimal Taxation of Top Labor Incomes: A Tale of Three Elasticities," CEPR Discussion Papers 8675, C.E.P.R. Discussion Papers.
- Stefanie Stantcheva & Emmanuel Saez & Thomas Piketty, 2012. "Optimal Taxation of Top Labor Incomes: A Tale of Three Elasticities," 2012 Meeting Papers 78, Society for Economic Dynamics.
- Ohlsson, Henry & Roine, Jesper & Waldenstrom, Daniel, 2006.
"Long-Run Changes in the Concentration of Wealth: An Overview of Recent Findings,"
Working Paper Series
RP2006/103, World Institute for Development Economic Research (UNU-WIDER).
- Waldenström, Daniel & Ohlsson, Henry & Roine, Jesper, 2007. "Long-Run Changes in the Concentration of Wealth: An Overview of Recent Findings," Working Paper Series 699, Research Institute of Industrial Economics.
- Facundo Alvaredo & Emmanuel Saez, 2007.
"Income and wealth concentration in Spain in a historical and fiscal perspective,"
PSE Working Papers
- Alvaredo, Facundo & Saez, Emmanuel, 2006. "Income and Wealth Concentration in Spain in a Historical and Fiscal Perspective," CEPR Discussion Papers 5836, C.E.P.R. Discussion Papers.
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