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Income Inequality in the United States in the Late 1860s
Published online by Cambridge University Press: 27 August 2015
Abstract
I utilize data from the Civil War income tax to calculate the income shares of the top 1 and 0.1 percent of the population in the United States in the late 1860s—extending Thomas Piketty and Emmanuel Saez's series back in time. As we will see, income inequality during this period represents a low comparable to the late 1970s.
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- Copyright © The Economic History Association 2015
Footnotes
I would like to acknowledge Paul Rhode, the two blind reviewers, Thomas Piketty, and Emmanuel Saez for their helpful comments on the paper.
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