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Piketty’s Book and Macro Models of Wealth Inequality
Sunday, January 3, 2016 22:34
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by Mariacristina De Nardi, Giulio Fella and Fang Yang,Voxeu.org
Appeared originally at Voxeu.org 22 December 2015
Thomas Piketty’s “Capital in the Twenty-First Century” quantified the evolution of wealth inequality and concentration over time and across a number of countries. This column examines existing macroeconomic models of wealth inequality through the lenses of the facts and ideas in Piketty’s book. It further examines the importance of the mechanism that Piketty champions – post-tax rate of return on capital. Gaps in existing knowledge and directions for future research are identified.
Source: http://econintersect.com/a/blogs/blog1.php/piketty-s-book-and-macro
