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Market and disposable top income shares adjusted by national accounts data

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  • Thomas Goda

    (Universidad EAFIT (CO))

  • Santiago Sanchez

Abstract

This paper uses national accounts data to adjust market and disposable Top 10% and Top 1% household survey income shares for 39 developed and developing countries that are part of the Luxembourg Income Study (LIS). An additional novelty of this study is the distinction between labor and capital income. The obtained results suggest that for most countries top income shares are significantly higher than those reported in household surveys, which mainly underestimate top capital income. While the presented results should be treated with some caution, our easy-to-implement approach seems suitable for countries for which no tax data is available.

Suggested Citation

  • Thomas Goda & Santiago Sanchez, 2017. "Market and disposable top income shares adjusted by national accounts data," Working Papers PKWP1711, Post Keynesian Economics Society (PKES).
  • Handle: RePEc:pke:wpaper:pkwp1711
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    Cited by:

    1. Thomas Goda & Santiago Sanchez, 2018. "Market and Disposable Top Income Shares adjusted by National Accounts Data," Journal of Income Distribution, Ad libros publications inc., vol. 26(2), pages 1-22, July.
    2. Milanovic, Branko, 2020. "After the financial crisis: the evolution of the global income distribution between 2008 and 2013," MPRA Paper 101560, University Library of Munich, Germany.

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    More about this item

    Keywords

    top income shares; personal income inequality; income distribution; LIS household surveys; system of national accounts (SNA);
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution

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