American Economic Review Vol. 105 No. 5 2015
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.
- DOI
- 10.1257/aer.p20151060
- Volume
- 105
- Issue
- 5
- Pages
- 48-53
- Language
- en
- Sources
- bibtex:phds-export.bib openalex crossref