论文标题
1916- 2019年，美国的资本和劳动收入帕累托指数
Capital and Labor Income Pareto Exponents in the United States, 1916-2019
论文作者
论文摘要
由于数据可用性的局限性和统计方法的适用性，准确估算收入帕累托指数是具有挑战性的。使用税务机关的收入摘要和最近的估计方法，我们估算了1916 - 2019年美国收入帕累托指数。我们发现，在过去的三十年中，资本和劳动收入的帕累托指数在1.2和2左右稳定。我们的发现表明，最高的尾巴收入和财富不平等的不平等和富裕的代理人对总体经济的影响是以前认为的，但没有明确的趋势，这是1985年后的明确趋势。
Accurately estimating income Pareto exponents is challenging due to limitations in data availability and the applicability of statistical methods. Using tabulated summaries of incomes from tax authorities and a recent estimation method, we estimate income Pareto exponents in U.S. for 1916-2019. We find that during the past three decades, the capital and labor income Pareto exponents have been stable at around 1.2 and 2. Our findings suggest that the top tail income and wealth inequality is higher and wealthy agents have twice as large an impact on the aggregate economy than previously thought but there is no clear trend post-1985.
