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in top income inequality is driven by the rise of "superstar" entrepreneurs or managers …
Persistent link: https://www.econbiz.de/10013019120
This paper looks at the evolution of incomes at the top of the distribution in Canada. Master files of the Canadian Census are used to study the composition of top income earners between 1981 and 2011. Our main finding is that, as in the United States, executives and individuals working in the...
Persistent link: https://www.econbiz.de/10013019500
We consider how much of the top end of the income distribution can be attributed to four sectors -- top executives of non-financial firms (Main Street); financial service sector employees from investment banks, hedge funds, private equity funds, and mutual funds (Wall Street); corporate lawyers;...
Persistent link: https://www.econbiz.de/10012776462
We study the relation between mutual fund managers' family backgrounds and their professional performance. Using hand …-collected data from individual Census records on the wealth and income of managers' parents, we find that managers from poor families … deliver higher alphas than managers from rich families. This result is robust to alternative measures of fund performance …
Persistent link: https://www.econbiz.de/10012984776
We document a large increase in the cyclicality of the incomes of high-income households, coinciding with the rise in their share of aggregate income. In the U.S., since top income shares began to rise rapidly in the early 1980s, incomes of those in the top 1 percent of the income distribution...
Persistent link: https://www.econbiz.de/10013135402
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attention, however. In this paper, we present a simple theory of the emergence and persistence of inefficient states. The …
Persistent link: https://www.econbiz.de/10012778981
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