About Capital in the Twenty-First Century

Thomas Piketty

American Economic Review, 2015, vol. 105, issue 5, 48-53

Abstract: In this article, I present three key facts about income and wealth inequality in the long run emerging from my book, Capital in the Twenty-First Century, and seek to sharpen and refocus the discussion about those trends. In particular, I clarify the role played by r > g in my analysis of wealth inequality. I also discuss some of the implications for optimal taxation, and the relation between capital-income ratios and capital shares.

JEL-codes: D31 E22 E23 E25 H87 O41 P16 (search for similar items in EconPapers)
Date: 2015
Note: DOI: 10.1257/aer.p20151060
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Citations: View citations in EconPapers (131)

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