Share Of Income Accruing To The Top 1% In The United States

shareofincomeaccruingtothetop1percent

 

The share of income going to the top 1% in the US is a wee bit more volatile than the inequalistas go on about. There is a link to financial market booms though, and that makes sense because of the economies of scale in the finance sector.

This figure is from the Kaplan and Rauh paper “It’s the Market: The Broad-Based Rise in the Return to Top Talent“. They also look at how much of the Forbes 400 didn’t inherit their money but were involved in scalable industries like technology and finance.