Top 1% of Wage Earners in Japan See Steady Income Rise
The study looked at how top wage incomes in Japan changed from 1951 to 2005. They found that while middle-class wages grew a lot during high economic growth, the top 1% of earners saw their share of total wages increase steadily in the last decade. Factors like income tax rates, corporate performance, female labor participation, and labor disputes played a big role in this shift. Overall, the research suggests that recent increases in top wage incomes can be explained by changes in these factors, rather than just structural changes in the economy.