| 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. |
| Note |
Online resource; title from pdf title page (IMF.org Web site, viewed September 20, 2016). |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
|
MOBIUS eMO Collection |
| Subjects |
Piketty, Thomas, 1971- Capital au XXIe siècle. English.
|
|
Income distribution.
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Capital movements.
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Panel analysis.
|
| ADD KEYWDS |
Capital au XXIe siècle (Piketty, Thomas) (OCoLC)fst01937767 |
|
Revenu Répartition. |
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Mouvements de capitaux. |
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Panels. |
| Added Keyword |
Capital movements. |
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Income distribution. |
|
Panel analysis. |
| Added Author |
International Monetary Fund, publisher.
|
|
International Monetary Fund. Western Hemisphere Department, issuing body.
|
| Add Title |
IMF working paper ; WP/16/160 |
| ISBN |
9781475523249 |
|
1475523246 |
|
1475527764 |
|
9781475527766 |
| OCLC # |
eMOe958818468 |
|
eMOe960760282 |
|
