VATT: Increase and concentration of capital gains has increased inequality in Finland

INCOME DISPARITY in Finland rose to a new, permanently higher level in the wake of the recession of the early 1990s, according to a study published in late November by VATT Institute for Economic Research.

The study reveals that the highest-income percentile doubled its share of income between early 1990s and early 2000s – from 2.8 per cent in 1990 to 6.1 per cent in 2004. The share dropped to five per cent by 2019.