Pareto and Piketty: The Macroeconomics of Top Income and Wealth Inequality
نویسندگان
چکیده
منابع مشابه
Pareto and Piketty: The Macroeconomics of Top Income and Wealth Inequality
S ince the early 2000s, research by Thomas Piketty and Emmanuel Saez (and their coauthors, including Anthony Atkinson and Gabriel Zucman) has revolutionized our understanding of income and wealth inequality. The crucial point of departure for this revolution is the extensive data they have used, based largely on administrative tax records. Piketty’s (2014) Capital in the Twenty-First Century is...
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Exploring the Dynamics of Top Income Inequality
Top income inequality has risen sharply in the United States over the last 30 years but remained low and stable in economies like France and Japan. Why? This paper explores three theoretical mechanisms that endogenize the amount of top income inequality. The first model suggests that the rate of growth of top incomes is a key determinant. A rise in the returns to experience or an increase in ef...
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ژورنال
عنوان ژورنال: Journal of Economic Perspectives
سال: 2015
ISSN: 0895-3309
DOI: 10.1257/jep.29.1.29