The browser you are using is not supported by this website. All versions of Internet Explorer are no longer supported, either by us or Microsoft (read more here: https://www.microsoft.com/en-us/microsoft-365/windows/end-of-ie-support).

Please use a modern browser to fully experience our website, such as the newest versions of Edge, Chrome, Firefox or Safari etc.

Lifting All Boats? The Evolution of Income and Wealth Inequality over the Path of Development

Author

  • Daniel Waldenström

Summary, in English

Does a rising tide lift all boats? This question – that is, to what extent does improvements of the general economy benefit all – is central to the study of economics and history. From fundamental issues about whether market forces have an innate tendency to increase or decrease differences in economic outcomes, to much debated questions about the effects of government policies, distributional concerns are always present.



In this dissertation, a novel dataset of international long-term income wealth inequality data is presented and used to shed new light on long-standing issues in economic history. What were the distributional impacts of the industrial revolution? Who gains and who loses the most from the outbreak of a financial crisis? Has progressive taxation been a successful way to redistribute resources from the rich to the rest of the population?



Several important findings come out of the analyses presented. A general result is that whereas nineteenth century industrialization had a mixed impact on inequality across the Western world the twentieth century experience, including a rapid growth of government, educational reforms and the introduction of progressive taxation, uniformly equalized societies.

Publishing year

2009

Language

English

Publication/Series

Lund Studies in Economic History

Volume

51

Document type

Dissertation

Topic

  • Economic History

Keywords

  • Income distribution
  • Top incomes
  • Wealth inequality
  • Intergenerational mobility
  • Income taxation
  • Economic history

Status

Published

ISBN/ISSN/Other

  • ISSN: 1400-4860
  • ISBN: 978-91-628-7924-2

Defence date

5 November 2009

Defence time

16:15

Defence place

Holger Crafoords Ekonomicentrum, sal EC3:211

Opponent

  • Leandro Prados de la Escosura (Professor)