SciELO - Scientific Electronic Library Online

 
vol.38 número2¿Cuál es el equipo más grande de la Liga MX? Un análisis dinámico índice de autoresíndice de materiabúsqueda de artículos
Home Pagelista alfabética de revistas  

Servicios Personalizados

Revista

Articulo

Indicadores

Links relacionados

  • No hay artículos similaresSimilares en SciELO

Compartir


Estudios Económicos (México, D.F.)

versión On-line ISSN 0186-7202versión impresa ISSN 0188-6916

Resumen

STRAUSS, David  y  VENTOSA-SANTAULARIA, Daniel. Does R-G cause wealth inequality? The case of the United States. Estud. Econ. (México, D.F.) [online]. 2023, vol.38, n.2, pp.183-224.  Epub 26-Ene-2024. ISSN 0186-7202.  https://doi.org/10.24201/ee.v38i2.441.

Piketty claims that the gap between the return to capital and the growth rate (r-g) governs the evolution of wealth inequality. This paper assesses its empirical validity using an IV approach and almost one century of US data. Our results are twofold: First, wealth shares are nonstationary, necessitating first differences to draw a valid inference from any econometric exercise. This is consistent with Pikettys line of argumentation and casts doubt on studies on inequality that use inequality levels without showing the trending behavior of the data. Second, r-g played a significant role in the evolution of wealth inequality over the last century, both statistically and economically. In particular, r-g can explain over 50% of the increase in wealth inequality since the late 1970s.

Palabras llave : wealth inequality; r-g; Piketty.

        · resumen en Español     · texto en Inglés     · Inglés ( pdf )