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Finance And The Rise In Inequalities In France

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Executive Summary

Based on the DADS, a very detailed French database on wages, the authors show that wage inequalities started to increase in France in the mid-1990s. This phenomenon is limited to the top end of income distribution and concerns mainly the top 0.1%, whose share of total salaries increased from 1.2% to 2% between 1996 and 2007. This increase in inequality was accompanied by some changes in the social composition of these wage elite. These include a decline in employees in the provinces, in CEOs; and an increase in lower rank management like chief officers and other administrative managers, in sportspersons, and in Paris Region employees.

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