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Income Inequality in Norway, 1960-2011

Athanasiadi, Melina LU (2014) EKHM51 20141
Department of Economic History
Abstract
Over the last decades, the share of income accruing to upper income groups and the overall inequality has increased in many developed countries. This thesis primary objective has been to analyse whether there is a cointegration between Norwegian top income shares and the inverted Pareto-Lorenz coefficient. If a cointegration relationship is found it means that the top income shares could be used as a proxy of inequality. The secondary objective was to investigate how the top income shares, along with the Gini coefficient evolved during the banking crisis in 1991-1992 and the recent financial crisis. The data used was derived from the World Income Inequality Database v.2 (WIID2) and the regressions cover the time period between 1960 until... (More)
Over the last decades, the share of income accruing to upper income groups and the overall inequality has increased in many developed countries. This thesis primary objective has been to analyse whether there is a cointegration between Norwegian top income shares and the inverted Pareto-Lorenz coefficient. If a cointegration relationship is found it means that the top income shares could be used as a proxy of inequality. The secondary objective was to investigate how the top income shares, along with the Gini coefficient evolved during the banking crisis in 1991-1992 and the recent financial crisis. The data used was derived from the World Income Inequality Database v.2 (WIID2) and the regressions cover the time period between 1960 until 2011. The main findings are that the top income shares can be used as a proxy and that the relative inequality in Norway was not affected much by neither the banking crisis, nor the financial crisis. The top income shares were more affected by the tax reform in 1992 and the implementation of a permanent dividend tax in 2006. (Less)
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author
Athanasiadi, Melina LU
supervisor
organization
alternative title
Analyzing top income shares in relation to the inverted Pareto-Lorenz and Gini coefficient
course
EKHM51 20141
year
type
H1 - Master's Degree (One Year)
subject
keywords
Top income shares, inverted Pareto-Lorenz coefficient, inequality, Norway, cointegration
language
English
id
4499855
date added to LUP
2014-06-26 10:50:54
date last changed
2014-06-26 10:50:54
@misc{4499855,
  abstract     = {{Over the last decades, the share of income accruing to upper income groups and the overall inequality has increased in many developed countries. This thesis primary objective has been to analyse whether there is a cointegration between Norwegian top income shares and the inverted Pareto-Lorenz coefficient. If a cointegration relationship is found it means that the top income shares could be used as a proxy of inequality. The secondary objective was to investigate how the top income shares, along with the Gini coefficient evolved during the banking crisis in 1991-1992 and the recent financial crisis. The data used was derived from the World Income Inequality Database v.2 (WIID2) and the regressions cover the time period between 1960 until 2011. The main findings are that the top income shares can be used as a proxy and that the relative inequality in Norway was not affected much by neither the banking crisis, nor the financial crisis. The top income shares were more affected by the tax reform in 1992 and the implementation of a permanent dividend tax in 2006.}},
  author       = {{Athanasiadi, Melina}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{Income Inequality in Norway, 1960-2011}},
  year         = {{2014}},
}