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Author Goes, Carlos, author, (IMF staff)

Title Testing Piketty's hypothesis on the drivers of income inequality : [electronic resource] evidence from panel VARs with heterogeneous dynamics / prepared by Carlos Góes.

Publication [Washington, D.C.] : International Monetary Fund, [2016]
Copyright date ©2016

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Description 1 online resource (27 pages) : illustrations
Series IMF working paper ; WP/16/160.
Note "August 2016."
At head of title: International Monetary Fund, Western Hemisphere Department.
Bibliography Includes bibliographical references (pages 24-25).
Summary Thomas Piketty's Capital in the Twenty-First Century puts forth a logically consistent explanation for changes in income and wealth inequality patterns. However, while rich in data, the book provides no formal empirical testing for its theoretical causal chain. In this paper, I build a set of Panel SVAR models to check if inequality and capital share in the national income move up as the r-g gap grows. Using a sample of 19 advanced economies spanning over 30 years, I find no empirical evidence that dynamics move in the way Piketty suggests. Results are robust to several alternative estimates of r-g.
Subjects Piketty, Thomas, 1971- Capital au XXIe siècle. English.
Income distribution.
Capital movements.
Panel analysis.
SUBJECT Capital au XXIe siècle (Piketty, Thomas) (OCoLC)fst01937767
Capital movements. (OCoLC)fst00846374
Income distribution. (OCoLC)fst00968670
Panel analysis. (OCoLC)fst01052033
Electronic books.
Other Author International Monetary Fund, publisher.
International Monetary Fund. Western Hemisphere Department, issuing body.
ISBN 9781475523249
1475523246
1475527764
9781475527766 (electronic bk.)
Standard # AU@ 000065557562
OCLC # eMOe958818468
eMOe960760282