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Top Income Shares in Greece From Dictatorship to Crisis: 1967–2017

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  • Franciscos Koutentakis
  • Kostas Chrissis

Abstract

The paper calculates the top income shares in Greece from 1967 (the seizure of power by the military dictatorship) until 2017 (the aftermath of the debt crisis). This long‐run perspective allows for the examination of the relationship between inequality and institutional transformations, namely democracy, finance, and crisis. We find in particular that (a) transition to democracy did not affect the income share of the top decile, whereas social democracy had a significant negative impact; (b) financial development and liberalization substantially increased all top decile shares; and (c) debt crisis, consolidation, and recession increased the share of the upper ranks of the top decile.

Suggested Citation

  • Franciscos Koutentakis & Kostas Chrissis, 2022. "Top Income Shares in Greece From Dictatorship to Crisis: 1967–2017," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 68(3), pages 653-666, September.
    • Handle: RePEc:bla:revinw:v:68:y:2022:i:3:p:653-666
    DOI: 10.1111/roiw.12515
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • D3 - Microeconomics - - Distribution
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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