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Democracy, cognitive skill, and top 1% income share in the 21st century

Yamamura, Eiji (2015): Democracy, cognitive skill, and top 1% income share in the 21st century.

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Abstract

Studies to date have shown that income concentration for the top 1% income share, the super-rich, has increased conspicuously in the 21st century. However, there is insufficient knowledge on how political factors and types of human capital influence income concentration. Using cross-country data from this century, I provide empirical evidence that shows that democracy and cognitive skill are negatively correlated to the top 1% income share.

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