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.
ASJC Scopus subject areas
- Economics, Econometrics and Finance (miscellaneous)
- Economics and Econometrics