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The Upward Redistribution of Income

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  • Dean Baker

Abstract

This paper examines the extent to which the growth in rents can explain the upward redistribution in income since 1980. It examines and provides preliminary estimates for the growth of rents in four main areas: increased patent and copyright rents, the growth of the financial sector, the increase in CEO pay due to the failure of the corporate governance, and the increase in pay for the most highly paid professionals due to protectionist barriers.

Suggested Citation

  • Dean Baker, 2016. "The Upward Redistribution of Income," Review of Radical Political Economics, Union for Radical Political Economics, vol. 48(4), pages 529-543, December.
    • Handle: RePEc:sae:reorpe:v:48:y:2016:i:4:p:529-543
    DOI: 10.1177/0486613416655628
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    References listed on IDEAS

    as
    1. Robert Holzmann & Joseph E. Stiglitz, 2001. "New Ideas about Old Age Security : Toward Sustainable Pension Systems in the 21st Century," World Bank Publications - Books, The World Bank Group, number 13857.
    2. Jon Bakija & Adam Cole & Bradley Heim, 2008. "Jobs and Income Growth of Top Earners and the Causes of Changing Income Inequality: Evidence from U.S. Tax Return Data," Department of Economics Working Papers 2010-22, Department of Economics, Williams College, revised Jan 2012.
    3. Jean O. Lanjouw & Ariel Pakes & Jonathan Putnam, 1998. "How to Count Patents and Value Intellectual Property: The Uses of Patent Renewal and Application Data," Journal of Industrial Economics, Wiley Blackwell, vol. 46(4), pages 405-432, December.
    4. Alicia H. Munnell & Jean-Pierre Aubry & Josh Hurwitz & Laura Quinby, 2011. "A Role for Defined Contribution Plans in the Public Sector," State and Local Pension Plans Briefs ibslp16, Center for Retirement Research, revised Apr 2011.
    5. repec:bla:jindec:v:46:y:1998:i:4:p:405-32 is not listed on IDEAS
    6. Dean Baker & Robert Pollin & Travis McArthur & Matt Sherman, 2009. "The Potential Revenue from Financial Transactions Taxes," CEPR Reports and Issue Briefs 2009-50, Center for Economic and Policy Research (CEPR).
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    Cited by:

    1. Lambert, Thomas, 2018. "Big Business and Management: Too Many Bosses and Too Much Pay?," MPRA Paper 86406, University Library of Munich, Germany.

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    More about this item

    Keywords

    inequality; finance; patents;
    All these keywords.

    JEL classification:

    • E10 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - General
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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