CEPR - Center for Economic and Policy Research

Multimedia

En Español

Em Português

Other Languages

Home Publications Blogs CEPR Blog An Annotated Political History of the Income Share of the Top 1 Percent

An Annotated Political History of the Income Share of the Top 1 Percent

Print
Written by Colin Gordon   
Sunday, 22 September 2013 09:00

The graph below adds an annotated political history to the iconic (and recently-updated) Piketty and Saez data on top income shares in the U.S. The events and legislative landmarks listed here are representative rather than exhaustive. And they are meant to suggest broad policy shifts rather than direct causal relationships. But the pattern is nevertheless clear. The share of the top one percent rose during eras of tax cutting, light financial regulation (or deregulation), and labor weakness. And inequality narrowed when policy pushed in the opposite direction.

Click for interactive version

cepr-blog-top-1-percent-09-2013

Colin Gordon is a professor of 20th Century U.S. History, at the University of Iowa and the author, most recently, of Growing Apart: A Political History of American Inequality.

Comments (1)Add Comment
...
written by ltr, September 23, 2013 6:27
This is terrific, but is there a simple list of the policy landmarks that Colin Gordon points us to?

Write comment

(Only one link allowed per comment)

This content has been locked. You can no longer post any comments.

busy
 

CEPR.net
Support this blog, donate
Combined Federal Campaign #79613
budget economy education employment Haiti health care housing inequality jobs labor labor market minimum wage paid family leave poverty recession retirement Social Security taxes unemployment unions wages Wall Street women workers working class

+ All tags