Income Inequality in France, 1900-2014: Evidence from Distributional National Accounts (DINA)

88 Pages Posted: 19 Apr 2018

See all articles by Bertrand Garbinti

Bertrand Garbinti

Banque de France

Jonathan Goupille -Lebret

Ecole Normale Supérieure (ENS) de Lyon; Groupe d'Analyse et de Theorie Economique (GATE), CNRS, University of Lyon; INSEAD

Thomas Piketty

National Center for Scientific Research (CNRS) - Centre d'Etudes Prospectives d'Economie Mathematique Appliquees a la Planification (CEPREMAP); Centre for Economic Policy Research (CEPR)

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Date Written: April 2018

Abstract

We combine national accounts, tax and survey data in a comprehensive and consistent manner for France, to build homogenous annual series on the distribution of national income by percentiles, from 1900 to 2014, with detailed breakdown by age, gender and income categories over the 1970-2014 period. Our new series deliver higher inequality levels for the recent decades, because the usual tax-based series miss a rising part of capital income. Growth incidence curves look dramatically different for the 1950-1983 and 1983-2014 periods. We also show that it has become increasingly difficult to access top wealth groups with labor income only. Next, gender inequality in labor income declined in recent decades, albeit fairly slowly among top labor incomes. Finally, we compare the evolution of income inequality between France and the U.S.

Keywords: income distribution, income inequality, national accounts

JEL Classification: D31, E01, H2, N34

Suggested Citation

Garbinti, Bertrand and Goupille -Lebret, Jonathan and Piketty, Thomas, Income Inequality in France, 1900-2014: Evidence from Distributional National Accounts (DINA) (April 2018). Banque de France Working Paper No. 677. Available at SSRN: https://ssrn.com/abstract=3165058 or http://dx.doi.org/10.2139/ssrn.3165058

Bertrand Garbinti (Contact Author)

Banque de France ( email )

Paris
France

Jonathan Goupille -Lebret

Ecole Normale Supérieure (ENS) de Lyon ( email )

15, parvis Rene Descartes BP 7000
Lyon Cedex 07, 69342
France

Groupe d'Analyse et de Theorie Economique (GATE), CNRS, University of Lyon ( email )

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France

INSEAD ( email )

Boulevard de Constance
77305 Fontainebleau Cedex
France

Thomas Piketty

National Center for Scientific Research (CNRS) - Centre d'Etudes Prospectives d'Economie Mathematique Appliquees a la Planification (CEPREMAP) ( email )

Ecole Normale Superieure
48 boulevard Jourdan
75014 Paris
France
+33 1 4313 6250 (Phone)
+33 1 4313 6259 (Fax)

HOME PAGE: http://pythie.cepremap.ens.fr/~piketty/

Centre for Economic Policy Research (CEPR)

London
United Kingdom

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