Rentier Incomes and Financial Crises: An Empirical Examination of Trends and Cycles in Some OECD Countries

  title={Rentier Incomes and Financial Crises: An Empirical Examination of Trends and Cycles in Some OECD Countries},
  author={Gerald A. Epstein and Dorothy Power},
  journal={Canadian Journal of Development Studies / Revue canadienne d'{\'e}tudes du d{\'e}veloppement},
  pages={229 - 248}
  • G. Epstein, D. Power
  • Published 1 January 2003
  • Economics
  • Canadian Journal of Development Studies / Revue canadienne d'études du développement
Abstract We present new estimates of the rentier share of national income for OECD countries for the years between 1960 and 2000. For most countries, the rentier share of income increased significantly during the last several decades, starting in the early 1980s and coinciding with the shift to neo-liberal monetary and financial policies initiated by Margaret Thatcher and Paul Volcker. There is no evidence of a negative correlation between rentier shares and non-financial corporate shares of… 
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