Pareto and the Upper Tail of the Income Distribution in the UK
1799 To the Present
Bibliographic Data
| ID | 9724760 |
|---|---|
| Authors | A B Atkinson (Nuffield College London School of Economics INET at the Oxford Martin School, corresponding author) |
| Year | 2017 |
| Volume | 84 |
| Issue | 334 |
| Pages | 129-156 |
| Publication date | 2017-04-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economica (JOURNAL) |
| Journal identifiers | ISSN: 0013-0427 • E-ISSN: 1468-0335 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/ecca.12214 |
| OpenAlex | W2553575991 |
| Language | EN |
| Citations received | 13 |
| References cited | 38 |
The Pareto distribution has long been a source of fascination to economists, and the Pareto coefficient is widely used, in theoretical and empirical studies, as a summary of the degree of concentration of top incomes. This paper examines the empirical evidence from income tax data concerning top incomes in the UK , contrasting the dramatic changes that took place in the twentieth century, after 1918, with the much more modest changes in the preceding nineteenth century. Probing beneath the surface, the paper identifies a number of features of the evolution of the UK income inequality that warrant closer attention. These include the changing shape of the upper tail, where there is a link with Pareto's theory of elites, the need for a richer functional form to describe top incomes, and the limited evidence at the top of the distribution for a Kuznets curve in nineteenth century Britain
Distribution (mathematics) · Econometrics · Economic inequality · Economics · Empirical evidence · Financial economics · Gini coefficient · Income distribution · Inequality · Kuznets Curve · Lorenz curve · Neoclassical economics · Operations management · Pareto distribution · Pareto principle · Statistics · Warrant · Economic theories and models · Fiscal Policy and Economic Growth · Income, Poverty, and Inequality · Mathematics
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The Impact of Top Incomes Biases on the Measurement of Inequality in the United States
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Pareto models for top incomes and wealth
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Global inequality
Inequality Measurement
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Exploring and Correcting the Bias in the Estimation of the Gini Measure of Inequality
The conditions of economic progress
Did British Capitalism Breed Inequality?
British economic growth, 1688-1959
British Economic Growth 1856-1973
Top Incomes Over the Twentieth Century
Power Laws in Economics and Finance
Selected Studies of the Principle of Relative Frequency in Language
Economic Growth and Income Inequality
Vilfredo Pareto (1848-1923)
British historical statistics
Recent Trends in Top Income Shares in the United States
Top Incomes in the Long Run of History
The Rise and Fall of the Williamson Curve
Reinterpreting Britain's social tables, 1688–1913
The Distribution of Top Earnings in the UK since the Second World War
The Distribution of Income between Persons
Pareto Models, Top Incomes and Recent Trends in UK Income Inequality
Pareto's Law
Economic Inquiries and Studies
The Pareto Law and the Distribution of Income
British Incomes and Property
| Unique citing works | 13 |
|---|---|
| Citations per year | 1,44 |
| Citation span | 2017 - 2026 (10) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 12 |