Within countries, the driving force behind the 20th century’s dramatic drop in inequality were the declines in the wealth shares of the top 1%. Based on 60 million death and probate records covering a period of 100 years, this column argues that in the case of Britain the distributional gains from the Great Equalisation were exclusively confined to the top 30% of the wealth distribution. This left the nation’s social and political fabric vulnerable to the protest vote of many in 2016 to leave the EU, following the austerity induced by the financial crisis.
Neil Cummins, 24 February 2019
Most Read
-
Hötte, Somers, Theodorakopoulos
-
Doepke, Hannusch, Kindermann, Tertilt
-
Harrison
-
Hartmann, Leonello, Manganelli, Papoutsi, Schnabel, Sigaux
-
Attinasi, Gerinovics, Gunnella, Mancini, Metelli
-
Burgess, Sievertsen
-
Eichengreen, O'Rourke
-
Mitze, Kosfeld, Rode, Wälde
-
Heldring, Robinson
-
Allen
Blogs&Reviews
-
Carraro, Cœuré, Dhand, Eichengreen, Mills, Rey, Sapir, Schwarzer
-
Evenett
-
Fullerton, Levinson
-
Hoffmann, Moench, Pavlova, Schultefrankenfeld
-
Reichlin, Adam, McKibbin, McMahon, Reis, Ricco, Weder di Mauro
Events
-
6 - 6 July 2022 / Online & On ESMT Berlin campus, Schlossplatz 1, 10178 Berlin / ESMT Berlin and CEPR
-
11 - 13 July 2022 / / National Council of Applied Economic Researach (NCAER)
-
13 - 13 July 2022 / / CEPR and WIPO
-
8 - 19 August 2022 / Online / Harvard Kennedy School Executive Education
-
22 - 23 August 2022 / Palais Coburg, Vienna, Austria / WU Vienna University of Economics and Business Research Institute for Capital Markets (ISK)
CEPR Policy Research
-
Gobillon, Solignac
-
Giglio, Maggiori, Stroebel, Weber
-
Summers, Fatás
-
Favero, Galasso
-
Butt, Churm, McMahon, Morotz, Schanz
-
Eichengreen, Avgouleas, Poiares Maduro, Panizza, Portes, Weder di Mauro, Wyplosz, Zettelmeyer
-
Baldwin, Beck, Bénassy-Quéré, Blanchard, Corsetti, De Grauwe, den Haan, Giavazzi, Gros, Kalemli-Ozcan, Micossi, Papaioannou, Pesenti, Pissarides , Tabellini, Weder di Mauro
-
Baldwin, Nakatomi
-
Thimann
-
Goodhart, Perotti