@article{9516c5a2bd3c43308917052a237fb5e9,
title = "Inflation and the Income Share of the Rich: Evidence for 14 OECD Countries",
abstract = "This paper examines the distributional implications of inflation on top income shares in 14 advanced economies using data over the period 1920–2016. We use local projections to analyze how top income shares respond to an inflation shock, and panel regressions in which all variables are defined as 5-year averages to examine the impact of inflation on the position of the top-one-percent in the long run. Our findings suggest that inflation reduces the share of national income held by the top 1 percent. Furthermore, we find that inflation shocks and long-run inflation have similar effects on top income shares.",
keywords = "income distribution, inequality, inflation, top income shares",
author = "{El Herradi}, Mehdi and {de Haan}, Jakob and Aur{\'e}lien Leroy",
note = "Funding Information: : The authors would like to thank {\`O}scar Jord{\`a}, J{\'e}r{\^o}me H{\'e}ricourt, Thomas Piketty, Etienne Farvaque, Jon Frost, R{\'e}mi Bazillier, Carola Binder, and three anonymous referees for very useful comments on a previous version of the paper. Mehdi El Herradi would like to acknowledge the hospitality of DNB where part of this research was conducted during March–June 2019. The views expressed do not necessarily reflect the position of DNB. Support from the French National Research Agency Grants ANR‐17‐EURE‐0020 is acknowledged. Note Publisher Copyright: {\textcopyright} 2022 International Association for Research in Income and Wealth",
year = "2023",
month = mar,
doi = "10.1111/roiw.12580",
language = "English",
volume = "69",
pages = "170--194",
journal = "Review of Income and Wealth",
issn = "0034-6586",
publisher = "Wiley",
number = "1",
}