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Testing Piketty's hypothesis on the drivers of income inequality : evidence from panel VARs with heterogeneous dynamics /

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 P...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Goes, Carlos (Autor, (IMF staff))
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, [2016]
Colección:IMF working paper ; WP/16/160.
Temas:
Acceso en línea:Texto completo

MARC

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245 1 0 |a Testing Piketty's hypothesis on the drivers of income inequality :  |b evidence from panel VARs with heterogeneous dynamics /  |c prepared by Carlos Góes. 
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504 |a Includes bibliographical references (pages 24-25). 
520 3 |a 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. 
588 0 |a Online resource; title from pdf title page (IMF.org Web site, viewed September 20, 2016). 
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600 1 0 |a Piketty, Thomas,  |d 1971-  |t Capital au XXIe siècle.  |l English. 
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650 0 |a Income distribution. 
650 0 |a Capital movements. 
650 0 |a Panel analysis. 
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650 6 |a Mouvements de capitaux. 
650 6 |a Panels. 
650 7 |a Capital movements  |2 fast 
650 7 |a Income distribution  |2 fast 
650 7 |a Panel analysis  |2 fast 
710 2 |a International Monetary Fund,  |e publisher. 
710 2 |a International Monetary Fund.  |b Western Hemisphere Department,  |e issuing body. 
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