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About Capital in the Twenty-First Century

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.
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Submitted on : Thursday, May 28, 2015 - 9:39:49 AM
Last modification on : Tuesday, April 28, 2020 - 10:41:59 AM

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Thomas Piketty. About Capital in the Twenty-First Century. American Economic Review, American Economic Association, 2015, 105 (5), pp.48-53. ⟨10.1257/aer.p20151060⟩. ⟨halshs-01157487⟩



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