Does r-g cause wealth inequality? The case of the USA
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, necessi...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
El Colegio de México, A.C.
2023-07-01
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| Series: | Estudios Económicos |
| Subjects: | |
| Online Access: | https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/441 |