Hérault, Nicolas, Hyslop, Dean, Jenkins, Stephen P. ORCID: 0000-0002-8305-9774 and Wilkins, Roger (2021) Rising top-income persistence in Australia: evidence from income tax data. International Inequalities Institute Working Papers (69). International Inequalities Institute, London School of Economics and Political Science, London, UK.
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Abstract
We use a new Australian longitudinal income tax dataset, Alife, covering 1991–2017, to examine levels and trends in the persistence in top-income group membership, focussing on the top 1%. We summarize persistence in multiple ways, documenting levels and trends in rates of remaining in top-income groups; re-entry to the top; the income changes associated with top-income transitions; and we also compare top-income persistence rates for annual and ‘permanent’ incomes. Regardless of the perspective taken, top-income persistence increased markedly over the period, with most of the increase occurring in the mid-2000s and early 2010s. In the mid- to late2010s, Australian top-income persistence rates appear to have been near the top of the range of tax-data estimates for other countries. Using univariate breakdowns and multivariate regression, we show that the rise in top-income persistence in Australia was experienced by many population subgroups.
Item Type: | Monograph (Working Paper) |
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Official URL: | https://www.lse.ac.uk/International-Inequalities/P... |
Additional Information: | © 2021 The Authors |
Divisions: | Social Policy |
Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HD Industries. Land use. Labor |
JEL classification: | D - Microeconomics > D3 - Distribution > D31 - Personal Income, Wealth, and Their Distributions I - Health, Education, and Welfare > I3 - Welfare and Poverty > I31 - General Welfare; Basic Needs; Living Standards; Quality of Life; Happiness C - Mathematical and Quantitative Methods > C8 - Data Collection and Data Estimation Methodology; Computer Programs > C81 - Methodology for Collecting, Estimating, and Organizing Microeconomic Data |
Date Deposited: | 24 Sep 2021 08:12 |
Last Modified: | 14 Sep 2024 04:14 |
URI: | http://eprints.lse.ac.uk/id/eprint/112125 |
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