Examining the Evidence: Wealth Inequality in the North Atlantic Anglosphere

  • Livio Di Matteo
Chapter

Abstract

Non-parametric smoothing reveals that wealth inequality was higher in the United Kingdom than the United States before industrialization, but American inequality grew to match the United Kingdom by the mid-nineteenth century. Industrialization does appear marked in all three Anglosphere countries by rising wealth inequality. Evidence for Canada, the United States, and the United Kingdom shows reduced wealth inequality starting in the twentieth century but a rebound in the United States near the end. Pooled regression models show key determinants of wealth inequality to be unionization rates, home ownership, housing policy, land policy, estate taxation, globalization, war, and also the source of data. As well, inequality in the United States and the United Kingdom is usually significantly higher than in Canada.

Keywords

LOWESS Regression Significance 

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Livio Di Matteo
    • 1
  1. 1.Department of EconomicsLakehead UniversityThunder BayCanada

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