Financial Market Deregulations and Top Incomes
Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesis
This thesis estimates the effect of stock-market-centred nancial deregulations on top income earnings. By utilizing the World Top Income Database as well as the novel method of synthetic control groups, it is shown that the "Big Bang" of deregulations in the United Kingdom in 1986 and in Japan 1997-1999 increased the share of income allocated to the Top income earners by over 20 and over 10 percent respectively. These results are robust to changes in the specification of the synthetic control, and the top 1 percent drives the increase in income for the UK, while the Japanese results are driven by the lower parts of the top decile.
Place, publisher, year, edition, pages
IdentifiersURN: urn:nbn:se:uu:diva-255479OAI: oai:DiVA.org:uu-255479DiVA: diva2:822271
Waldenström, Daniel, Professor
Bengtsson, Niklas, Biträdande universitetslektor