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Foerster Lectures on the Immortality of the Soul
Charles M. and Martha Hitchcock Lectures
HarvEst Distinguished Women Lecture Series
Howison Lectures in Philosophy
Jefferson Memorial Lectures
Bernard Moses Memorial Lecture
Carl O. Sauer Memorial Lecture
Barbara Weinstock Lectures on the Morals of Trade
December 04, 2012
— 4:10 PM
International House Auditorium, 2299 Piedmont Avenue, Berkeley
This lecture will present evidence on income inequality gathered by a collective group of researchers in the World Top Incomes Database (click here). The database includes top income shares time series over the long run for more than twenty countries. Saez will summarize the key empirical findings. Top incomes represent a small share of the population but a very significant share of total income and total taxes paid. Most countries experienced a dramatic drop in top income shares in the first part of the twentieth century. Top income shares do not recover in the immediate postwar decades. However, over the last thirty years, top income shares have increased substantially in English speaking countries and in India and China but not in continental European countries or Japan. Saez will also discuss the role of technology and globalization, government regulations, and tax progressivity in explaining those empirical findings.
Emmanuel Saez is Professor of Economics and Director of the Center for Equitable Growth at the University of California Berkeley. His research focuses on tax policy and inequality both from theoretical and empirical perspectives. Jointly with Thomas Piketty, he has constructed long-run historical series of income inequality in the United States that have been widely discussed in the public debate. He received his PhD in Economics from MIT in 1999. He was awarded the John Bates Clark medal of the American Economic Association in 2009 and a MacArthur Fellowship in 2010.