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| Type | Working Paper |
| Scope | Discipline-based scholarship |
| Title | The spillover effects of top income inequality |
| Organization Unit | |
| Authors |
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| Language |
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| Institution | University of Zurich |
| Series Name | URPP Equality of Opportunity Discussion Paper Series |
| Number | 28 |
| Number of Pages | 70 |
| Date | 2023 |
| Abstract Text | Top income inequality in the United States has increased considerably within occupations. This phenomenon has led to a search for a common explanation. We instead develop a theory where increases in income inequality originating within a few occupations can “spill over” through consumption into others. We show theoretically that such spillovers occur when an occupation provides non-divisible services to consumers, with physicians our prime example. Examining local income inequality across U.S. regions, the data suggest that such spillovers exist for physicians, dentists, and real estate agents. Estimated spillovers for other occupations are consistent with the predictions of our theory. |
| Official URL | https://www.urpp-equality.uzh.ch/dam/jcr:204b4e37-5e9a-495c-9dcc-126ff30d9862/28_GHHO_spillovers.pdf |
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| Other Identification Number | merlin-id:24419 |
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| Keywords | Income inequality, assignment model, occupational inequality, superstars |
| Additional Information | Auch publiziert als CEPR Discussion Paper No. 18212: https://www.zora.uzh.ch/id/eprint/236160/ |