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March 27, 2008
New Data on Income Inequality from Piketty and Saez
The Center on Budget and Policy Priorities presents an update to the series on inequality maintained by Economists Thomas Piketty and Emmanuel Saez.
(See larger figure)
You can find Keystone Research Center estimates of inequality in PA based on Piketty and Saez methods in the State of Working Pennsylvania 2007.
From our report here is data on the share of income of the top 10%:
"Figure 15 presents Sommeiller's data alongside our own estimates based on Pennsylvania Department of Revenue data and reveals the following trends: The share of personal income held by the top 10% peaked at 35% in 1921. This share declined in the 1920s before recovering somewhat to 31% in 1940. At around 28%, the share of the top 10% in the last several years is higher than it has been, with the exception of 1987, since the 1940s."
(see larger figure)
Posted by Price at March 27, 2008 03:02 PM