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About Capital in the Twenty-First Century
In this article, I present three key facts about income and wealth inequality in the long run emerging from my book, Capital in the Twenty-First Century, and seek to sharpen and refocus the
Income Inequality in the United States, 1913–1998
This paper presents new homogeneous series on top shares of income and wages from 1913 to 1998 in the United States using individual tax returns data. Top income and wages shares display a U-shaped
Top Incomes in the Long Run of History
A recent literature has constructed top income shares time series over the long run for more than twenty countries using income tax statistics. Top incomes represent a small share of the population
Capital in the 21st Century
On 19 December 2014, the Centre for Economic Policy Research and the Bank of England hosted a discussion forum based around Thomas Piketty’s book, Capital in the twenty-first century, with a number
Capital is Back: Wealth-Income Ratios in Rich Countries, 1700-2010
How do aggregate wealth-to-income ratios evolve in the long run and why? We address this question using 1970–2010 national balance sheets recently compiled in the top eight developed economies. For
The Top 1 Percent in International and Historical Perspective
World Top Incomes Database at http://topincomes.parisschoolofeconomics.eu/) and has represented a challenge to the economics profession. Stories based on the and has represented a challenge to the
Optimal Taxation of Top Labor Incomes: A Tale of Three Elasticities
This paper presents a model of optimal labor income taxation where top incomes respond to marginal tax rates through three channels: (1) standard labor supply, (2) tax avoidance, (3) compensation
Income Inequality in France, 1901–1998
  • T. Piketty
  • Economics
    Journal of Political Economy
  • 1 July 2001
This paper uses data from income tax returns (1915–98), wage tax returns (1919–98), and inheritance tax returns (1902–94) in order to compute homogeneous, yearly estimates of income, wage, and wealth
On the Long Run Evolution of Inheritance - France 1820-2050
This paper attempts to document and account for the long run evolution of inheritance. We find that in a country like France the annual flow of inheritance was about 20%-25% of national income
The Evolution of Top Incomes: A Historical and International Perspective
This paper summarizes the main findings of the recent studies that have constructed top income and wealth shares series over the century for a number of countries using tax statistics. Most countries