Immigration and the Top 1 Percent

• 成果类型: Article
• 署名作者: Advani, Arun; Koenig, Felix; Pessina, Lorenzo; Summers, Andy
• 署名单位: University of Warwick; University of London; London School Economics & Political Science; Carnegie Mellon University; Leibniz Association; Zentrum fur Europaische Wirtschaftsforschung (ZEW); University of London; London School Economics & Political Science
• 刊物名称: REVIEW OF ECONOMICS AND STATISTICS
• ISSN/ISSBN: 0034-6535
• DOI: 10.1162/rest_a_01408
• 发表日期: 2025-07
• 页码: 1123-1135
• 关键词: technical change; incomes; migration; EVOLUTION; pay; INEQUALITY; DYNAMICS; IMPACT

摘要

Using administrative data on the universe of U.K. taxpayers, we study the contribution of migrants to the rise in U.K. top incomes. We show that migrants are over-represented at the top of the income distribution, with migrants twice as prevalent in the top 0.01% as anywhere in the bottom 97% of taxpayers. These high incomes are predominantly from labor, rather than capital, and migrants are concentrated in only a handful of industries, predominantly finance. All of the observed growth in the U.K. top 1% income share over the past 20 years has accrued to migrants.