Does R-G cause wealth inequality? The case of the United States
Piketty claims that the gap between the return to capital and the growth rate (r-g) governs the evolution of wealth inequality. This paper assesses its empirical validity using an IV approach and almost one century of US data. Our results are twofold: First, wealth shares are nonstationary, necessit...
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| Publicado no: | Estudios Económicos |
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| Principais autores: | , |
| Formato: | Artigo |
| Idioma: | Inglês |
| Publicado em: |
El Colegio de México, A.C.
2023
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| Assuntos: | |
| Acesso em linha: | https://www.redalyc.org/articulo.oa?id=59776254001 https://www.redalyc.org/journal/597/59776254001/ https://www.redalyc.org/journal/597/59776254001/html/ https://www.redalyc.org/journal/597/59776254001/59776254001.epub https://www.redalyc.org/journal/597/59776254001/movil https://doi.org/10.24201/ee.v38i2.441 |
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