About Capital in the Twenty-First Century

Thomas Piketty

PSE-Ecole d'économie de Paris (Postprint) from HAL

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.

Keywords: Income distribution; Capital; Political Economy (search for similar items in EconPapers)
Date: 2015-05
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-01157487v1
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Citations: View citations in EconPapers (103)

Published in American Economic Review, 2015, 105 (5), pp.48-53. ⟨10.1257/aer.p20151060⟩

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Journal Article: About Capital in the Twenty-First Century (2015)
Working Paper: About Capital in the Twenty-First Century (2015)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:pseptp:halshs-01157487

DOI: 10.1257/aer.p20151060

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