Testing Piketty’s Hypothesis on the Drivers of Income Inequality

Testing Piketty’s Hypothesis on the Drivers of Income Inequality
Author :
Publisher : International Monetary Fund
Total Pages : 27
Release :
ISBN-10 : 9781475527698
ISBN-13 : 1475527691
Rating : 4/5 (98 Downloads)

Book Synopsis Testing Piketty’s Hypothesis on the Drivers of Income Inequality by : Carlos Góes

Download or read book Testing Piketty’s Hypothesis on the Drivers of Income Inequality written by Carlos Góes and published by International Monetary Fund. This book was released on 2016-08-19 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


Testing Piketty’s Hypothesis on the Drivers of Income Inequality Related Books

Testing Piketty’s Hypothesis on the Drivers of Income Inequality
Language: en
Pages: 27
Authors: Carlos Góes
Categories: Business & Economics
Type: BOOK - Published: 2016-08-19 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

Thomas Piketty's Capital in the Twenty-First Century puts forth a logically consistent explanation for changes in income and wealth inequality patterns. However
Capital in the Twenty-First Century
Language: en
Pages: 817
Authors: Thomas Piketty
Categories: Business & Economics
Type: BOOK - Published: 2017-08-14 - Publisher: Harvard University Press

DOWNLOAD EBOOK

What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of
World Inequality Report 2018
Language: en
Pages: 345
Authors: Facundo Alvaredo
Categories: Business & Economics
Type: BOOK - Published: 2018-07-09 - Publisher: Belknap Press

DOWNLOAD EBOOK

World Inequality Report 2018 is the most authoritative and up-to-date account of global trends in inequality. Researched, compiled, and written by a team of the
The Race between Education and Technology
Language: en
Pages: 497
Authors: Claudia Goldin
Categories: Business & Economics
Type: BOOK - Published: 2009-07-01 - Publisher: Harvard University Press

DOWNLOAD EBOOK

This book provides a careful historical analysis of the co-evolution of educational attainment and the wage structure in the United States through the twentieth
Causes and Consequences of Income Inequality
Language: en
Pages: 39
Authors: Ms.Era Dabla-Norris
Categories: Business & Economics
Type: BOOK - Published: 2015-06-15 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

This paper analyzes the extent of income inequality from a global perspective, its drivers, and what to do about it. The drivers of inequality vary widely among