Racing Away? Income Inequality and the Evolution of High Incomes

Institute for Fiscal Studies Briefing Note 76

35 Pages Posted: 11 Sep 2015

See all articles by Mike Brewer

Mike Brewer

Institute for Fiscal Studies (IFS)

Luke Sibieta

Independent

Liam Wren-Lewis

Paris School of Economics (PSE)

Date Written: 2008

Abstract

This Briefing Note provides an analysis of the characteristics of high-income individuals and how their incomes have evolved over time. We begin by setting out recent trends in overall income inequality and why these lead us to focus on the pattern of income growth at the very top of the income distribution. We then present some basic facts about high-income individuals and how they compare with the rest of society (for example, what is their average before-tax income, what is their average tax rate, how much of total personal income do they receive, in what industries do they tend to work?). We then discuss recent trends in their incomes over time and how this pattern compares with that for the rest of the income distribution. We then briefly summarise some recent research on longer-term trends in high incomes.

Suggested Citation

Brewer, Mike and Sibieta, Luke and Wren-Lewis, Liam, Racing Away? Income Inequality and the Evolution of High Incomes (2008). Institute for Fiscal Studies Briefing Note 76. Available at SSRN: https://ssrn.com/abstract=2659219 or http://dx.doi.org/10.2139/ssrn.2659219

Mike Brewer

Institute for Fiscal Studies (IFS) ( email )

7 Ridgmount Street
London, WC1E 7AE
United Kingdom

Luke Sibieta

Independent

No Address Available

Liam Wren-Lewis (Contact Author)

Paris School of Economics (PSE) ( email )

48 Boulevard Jourdan
Paris, 75014 75014
France

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