Monday, August 14, 2006

Merci, Etienne

Speaking of unquiet spirits from unsuccessful wars--in this case my own from my neverending battle against the shakai kakusa hysteria--reader Etienne writes in comments:

The NBER has an interesting paper on top income inequality in Japan over the long term (1885-2002). It shows that the bubble had a relatively low impact on wage income concentration and that the equalizing effect of the institutions created in the immediate post-war period was not really reversed. As for the impact of the Koizumi reforms on income inequality, the jury is still out.

http://elsa.berkeley.edu/~saez/moriguchi-saez05japan.pdf


Now if anyone can teach me how to get my comments up in something other than gigantic white script, I would be much obliged.

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