Accounting for Inequality

Charles Reitz

Review of Radical Political Economics, 2016, vol. 48, issue 2, 310-321

Abstract: Piketty’s study of capital and inequality, especially the distribution of the national income through a “capital-labor split,†is examined and compared with a model developed from data sets from the U.S. Department of Commerce. Piketty’s inclusion of executive supersalaries as labor income is questioned as over-estimating labor’s share of national income distribution and labor’s role as a causal factor in the intensification of inequality.

Keywords: Piketty; inequality; capital-labor split (search for similar items in EconPapers)
JEL-codes: B24 D63 J3 L6 P26 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:sae:reorpe:v:48:y:2016:i:2:p:310-321

DOI: 10.1177/0486613415605075

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