Hidden Bibliographic Details
| Other authors / contributors: | G�oes, Carlos.
International Monetary Fund, publisher.
International Monetary Fund. Western Hemisphere Department, issuing body.
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| ISBN: | 9781475523249
1475523246
9781475527766
1475527764
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| Notes: | "August 2016."
At head of title: International Monetary Fund, Western Hemisphere Department.
Includes bibliographical references (pages 24-25).
Online resource; title from pdf title page (IMF.org Web site, viewed September 20, 2016).
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| 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.
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| Other form: | Print version: Góes, Carlos. Testing Piketty's Hypothesis on the Drivers of Income Inequality. Washington, D.C. : International Monetary Fund, ©2016 9781475523249
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