What Accounts for the Rising Share of Women in the Top 1 percent?
The share of women in the top 1 percent of the UK’s income distribution has been growing over the last two decades (as in several other countries). Our first contribution is to account for this trend using regressions of the probability of being in the top 1 percent, fitted separately for men and wo...
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| Veröffentlicht in: | The Review of income and wealth 2023-03, Vol.69 (1), p.1-33 |
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| container_title | The Review of income and wealth |
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| creator | Burkhauser, Richard V. Herault, Nicolas Jenkins, Stephen P. Wilkins, Roger |
| description | The share of women in the top 1 percent of the UK’s income distribution has been growing over the last two decades (as in several other countries). Our first contribution is to account for this trend using regressions of the probability of being in the top 1 percent, fitted separately for men and women, in order to contrast between the sexes the role of changes in characteristics and changes in returns to characteristics. We show that the rise of women in the top 1 percent is primarily accounted for by their greater increases in the number of years spent in full‐time education. Although most top income analysis uses tax return data, we derive our findings taking advantage of the much more extensive information about personal characteristics that is available in survey data. Our use of survey data requires justification given survey under‐coverage of top incomes. Providing this justification is our second contribution. |
| doi_str_mv | 10.1111/roiw.12548 |
| format | Article |
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| identifier | ISSN: 0034-6586 |
| ispartof | The Review of income and wealth, 2023-03, Vol.69 (1), p.1-33 |
| issn | 0034-6586 1475-4991 |
| language | eng |
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| source | Wiley Online Library Journals Frontfile Complete; PAIS Index; EBSCOhost Business Source Complete |
| subjects | Data Economic theory gender differences Income distribution Income taxes inequality Justification Personal characteristics Polls & surveys survey under‐coverage top 1 percent top incomes Trends Women |
| title | What Accounts for the Rising Share of Women in the Top 1 percent? |
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