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Erik Bengtsson . Photo

Erik Bengtsson

Senior lecturer

Erik Bengtsson . Photo

Long-run evolution of income inequality in the Nordic countries

Author

  • Rolf Aaberge
  • Erik Bengtsson

Summary, in English

This paper surveys Nordic historic studies on the distribution of income to highlight similarities and differences between Denmark, Finland, Norway, and Sweden in the evolution of income concentration and income inequality over more than 140 years. Our descriptive analysis allows for a decomposition where we identify the contribution of the income share of the richest 1 per cent and the distribution of income among the other 99 per cent to overall inequality as measured by the Gini coefficient. The results show that the evolution of income concentration and inequality can be characterised by episodes rather than by secular cycles, which means that the evolution can neither be summarised by Kuznets’ inverse U nor by a U. The evidence on the role played by the share of the top 1 per cent for overall income inequality shows to be mixed and to vary across time and countries.

Department/s

  • Department of Economic History
  • Growth, technological change, and inequality

Publishing year

2023-10-26

Language

English

Publication/Series

Scandinavian Economic History Review

Document type

Journal article

Publisher

Routledge

Topic

  • Economic History
  • Economics

Keywords

  • inequality
  • incomes
  • Scandinavia
  • D31
  • N33
  • N34
  • Inequality
  • incomes
  • Scandinavia

Status

Epub

Project

  • The Swedish Transition to Equality: Income Inequality with New Micro Data, 1862–1970

ISBN/ISSN/Other

  • ISSN: 0358-5522