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Jones on Piketty's r>g: A critique

de la Fonteijne, Marcel R. (2015): Jones on Piketty's r>g: A critique.

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Abstract

The book 'Capital in the Twenty-First Century' by the French economist Piketty about the inequality of income and wealth distribution is already quite a while in the spotlights. Jones in his paper ‘Pareto and Piketty: The Macroeconomics of Top Income and Wealth Inequality’is describing the link between the empirical facts and macroeconomic theory. Jones derived a formula for the Pareto wealth coefficient where he focused on the influence of inheritance tax and the birth death process in a simple AK model with regard to Piketty’s

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