Dan, Andrews; Christopher, Jencks; Andrew, Leigh - In: The B.E. Journal of Economic Analysis & Policy 11 (2011) 1, pp. 1-45
Pooling data for 1905 to 2000, we find no systematic relationship between top income shares and economic growth in a panel of 12 developed nations observed between 22 and 85 years. After 1960, however, a one percentage point rise in the top decile’s income share is associated with a...