Global Inequality Dynamics: New Findings from

Facundo Alvaredo, Lucas Chancel, Thomas Piketty, Emmanuel Saez, Gabriel Zucman

NBER Working Paper No. 23119
Issued in February 2017, Revised in April 2017
NBER Program(s):Public Economics

This paper presents new findings on global inequality dynamics from the World Wealth and Income Database (, with particular emphasis on the contrast between the trends observed in the United States, China, France, and the United Kingdom. We observe rising top income and wealth shares in nearly all countries in recent decades. But the magnitude of the increase varies substantially, thereby suggesting that different country-specific policies and institutions matter considerably. Long-run wealth inequality dynamics appear to be highly unstable. We stress the need for more democratic transparency on income and wealth dynamics and better access to administrative and financial data.

You may purchase this paper on-line in .pdf format from ($5) for electronic delivery.

Access to NBER Papers

You are eligible for a free download if you are a subscriber, a corporate associate of the NBER, a journalist, an employee of the U.S. federal government with a ".GOV" domain name, or a resident of nearly any developing country or transition economy.

If you usually get free papers at work/university but do not at home, you can either connect to your work VPN or proxy (if any) or elect to have a link to the paper emailed to your work email address below. The email address must be connected to a subscribing college, university, or other subscribing institution. Gmail and other free email addresses will not have access.


Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w23119

Published: Facundo Alvaredo & Lucas Chancel & Thomas Piketty & Emmanuel Saez & Gabriel Zucman, 2017. "Global Inequality Dynamics: New Findings from," American Economic Review, American Economic Association, vol. 107(5), pages 404-409, May. citation courtesy of

Users who downloaded this paper also downloaded* these:
Alstadsæter, Johannesen, and Zucman w23805 Who Owns the Wealth in Tax Havens? Macro Evidence and Implications for Global Inequality
Guvenen and Kaplan w23321 Top Income Inequality in the 21st Century: Some Cautionary Notes
Piketty, Saez, and Zucman w22945 Distributional National Accounts: Methods and Estimates for the United States
Piketty, Yang, and Zucman w23368 Capital Accumulation, Private Property and Rising Inequality in China, 1978-2015
Helpman w22944 Globalization and Wage Inequality
NBER Videos

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email:

Contact Us