HKS Affiliated Authors


Do Rising Top Incomes Lift All Boats? Daniel Andrews, Christopher Jencks, Andrew Leigh. June 15, 2009, Paper. “Pooling data for 1905 to 2000, we find no systematic relationship between top income shares and economic growth in a panel of 12 developed nations observed for between 22 and 85 years. After 1960, however, a one percentage point rise in the top decile’s income share is associated with a statistically significant 0.12 point rise in GDP growth during the following year…” Link