Where should researchers go from here in exploring the ideas he pushed to the forefront of global conversation. These are the sources and citations used to research global inequality. This paper has been written as a chapter for the book the global ramifications of thomas pikettys capital in the 21st century, edited by heather boushey, bradford delong, and marshall steinbaum. In other words, wealth has become more concentrated over the past 35 years. The first chapter looks at what wealth is, how it has been studied to date, and then presents how the rest of the book is structured. The study of inequality in wealth using structural macroeconomic modeling can be. D14,e21,h2 abstract pikettys book discusses several factors affecting wealth inequality. This column examines existing macroeconomic models of wealth inequality through the lenses of the facts and ideas in pikettys book. Central bank policies and income and wealth inequality dnb. Pikettys book, capital in the twentyfirst century, discusses several factors affecting wealth inequality. Thomas pikettys book capital in the twentyfirst century is, in the authors own words, a book about the history of the distribution of income and wealth. Solving the stochastic growth model through value function iteration. Pikettys book and macro models of wealth inequality.
All models that help us to understand why rational agents are willing. Inequality in macroeconomic models cairn international. Slides and lecture notes and the ljungqvistsargent book are the main. The observation that wealth is much more concentrated than labor earnings and income is vast. Are thomas pikettys analyses of inequality on target. Pikettys book and macro models vox, cepr policy portal voxeu. This paper studies the role of various forces affecting savings in quantitative. Global inequality economics bibliographies in harvard style. In after piketty, a cast of economists and other social scientists tackle these questions in dialogue with piketty, in what is sure to be a muchdebated book in its own right. We show that a theory of earnings and wealth inequality based.
Thomas piketty s capital in the twentyfirst century quantified the evolution of wealth inequality and concentration over time and across a number of countries. Global inequality economics bibliographies cite this. Let us consider first how the neoclassical model deals with distribution. A remarkably simple model of wealth distribution developed by physicists and mathematicians can reproduce inequality in a range of countries. This bibliography was generated on cite this for me on tuesday, july 12, 2016. Wold and whittle 1957 cite early evidence for the us. Wealth in america is a fascinating book, examining not only the state of wealth as it stands presently, but also looking at trends over time.