piketty   887

« earlier    

Sparse, Inconsistent and Unreliable: Tax Records and the World Inequality Report 2018 - Galbraith - - Development and Change - Wiley Online Library
The World Inequality Report 2018 reports measures of inequality aggregated across major regions, notably ‘Europe’ and ‘the World’. A technical note by Chancel and Gethin (2017) explains how this is done. Gross income distributions are inferred for entire regions using data for a handful of countries. Thus data for the UK, Germany and France serve for all of Europe, China and India serve for Asia, and Brazil stands in for South America. Each group share is then scaled to the national income of each country, weighted either by Purchasing Power Parity or by market exchange rates. Gaps between years are interpolated. The resulting estimates are beyond heroic, and based on far less information than is actually available, since actual country‐year inequality measures available from UTIP or the SWIID or many national sources are not used, or even cited.
piketty  inequality  fisking  economics 
10 weeks ago by yorksranter
Twitter
2019 feels like the year that will be responsible for becoming a verb and entering the popular lexico…
Piketty  AOC  from twitter
10 weeks ago by mrchrisadams
The rate of return on everything
"[W]e construct three types of returns: investment income (i.e. yield), capital gains (i.e. price changes), and total returns (i.e. the sum of the two)." Covers 150 years.
economic-history  capitalism  history  rate-of-return  piketty  !H-🚟-book-and-publishing-history-economics-of-publishing 
november 2018 by beyondseven
Income inequality in France | VOX, CEPR Policy Portal
Regarding the rise of top labour incomes, it is worth stressing that it occurred only at the very top (i.e. above the 95th percentile) and mostly within the top 1% and top 0.1%. It is difficult for standard explanations based upon technical change and changing supply and demand of skills to fully explain this concentration of rising inequality at the very top. It seems more promising to stress the role of institutional factors governing pay setting processes for top managerial compensation, including corporate governance, the decline of unions and collective bargaining processes, and the drop in top income tax rates (see Piketty et al. 2014).
VoxEU  Piketty  inequality  France  2018 
september 2018 by suitable
It’s bargaining power all the way down — Crooked Timber
In the orthodox perspective favored by Piketty, we ask “why is there more capital than there used to be?” and “what is the product of each unit of capital?” In the second perspective – which following Perry Mehrling we might call the money view – it’s the distribution among rival claims that is the real sociological fact, and the value of these of claims as “capital” that is an after-the-fact calculation. From this point of view, the relevant questions are “how much of the output of the firm is appropriated through property claims?” and “what value is put on each dollar of property income?” In which case, we should expect to see higher wealth ratios not in times and places where cumulated savings have outpaced growth, but in times and places where the bargaining process has shifted in favor of holders of capital claims, and where financial markets place a higher value on ownership claims relative to current output.
economics  piketty  income  wealth  labor  bargaining 
august 2018 by max_read
Highlights From The Comments On Piketty | Slate Star Codex
Wealth inequality is much larger and more important than income inequality, in the past and now. > When rate of return on capital is persistently higher than economic growth, wealth inequality tends to be became entrenched and inherited, unless special circumstances, like wealthy people consuming or giving away giant portions of their fortunes, apply. This is true by definition, and thus not very interesting. Piketty however claims that this is the case now in the EU as well as in the US, and has been since at least 80s, although it definitely wasn´t the case in first half of 20th century.
inequality  2018  piketty  wealth  income  economics  history 
july 2018 by porejide
Here are 3 facts you need to know about inequality and populism | World Economic Forum
Undiscussed factor: throughout all relevant periods, the % of graduates went up a hell of a lot. A lot of people who would, all other things being equal, be counted as "low education, left wing" therefore became "high education, left wing"
inequality  piketty  populism  education  to_blog 
may 2018 by yorksranter
Miben téved Piketty? - Qubit
Amekkora sztár lett Thomas Piketty A tőke a 21. században című könyvével, annyian kritizálják az általa felhasznált adatok időszerűségét, feldolgozásuk metodológiáját és az ezekből levont következtetéseket. Mi a helyzet a bruttó és nettó megtakarítási rátával?
piketty  pol 
april 2018 by lincze
Matt Rognlie - Notes on Piketty's Diminishing Returns
Explains how nearly 100% of global inequality in the last 50 years comes from capital gains in *housing*, not equipment or automation.
affordable-housing  housing  economics  MIT  Piketty  inequality 
march 2018 by zachkrumm

« earlier    

related tags

!h-🚟-book-and-publishing-history-economics-of-publishing  1%  2017  2018  3013  _blog_  _links_  absolute-relative  academia  adamsmith  advice  affordable-housing  age  allodium  amount  analysis  anomie  aoc  aphorism  arbitrage  architecture  aristos  arrows  article  asia  asset  austerity  authoritarianism  automation  avoidance  backup  banking  bargaining  bargaining_power  basicincome  behavioral-econ  biases  big-peeps  big-picture  bookmarks_bar  books  bootstraps  broad-econ  business  c  capital  capitalism  career  chart  china  christianity  civic  civil-liberty  civilization  cjones-like  clarity  class  cliometrics  coefficient  cog-psych  cold-war  coming-apart  commentary  communism  compensation  competition  complex-systems  contrarianism  corporate  corporation  correlation  corruption  cost-benefit  counter-revolution  courage  creative  crime  critique  current-events  darwinian  data-science  data-visualisation  data  database  david-leonhardt  dc:creator=davieswill  dctagged  debate  debt  delaware  democracy  density  dental  detail-architecture  developing-world  discrimination  discussion  disease  disruptive  distribution  distribution_debt  divergence  door  early-modern  econ-metrics  econ-productivity  econbasics  econometrics  economic-history  economicgrowth  economics  economist  economy  economy2.0_star5  econotariat  education  efficiency  egalitarianism-hierarchy  elex  elite  empirical  endowment  energy-resources  enlightenment-renaissance-restoration-reformation  entrepreneurialism  envy  epistemic  essay  ethics  europe  evasion  evolution  expert-experience  expert  explanation  exploitation  farmers-and-foragers  fertility  finance  fisking  flexibility  flux-stasis  fr  france  gallic  garett-jones  gates  geography  giants  gildedage  gini  globalization  gnon  government  greece  group-level  growth-econ  hamon  heavy-industry  higher-ed  history  hmm  hmrc  hn  homo-hetero  housing  human-capital  hypocrisy  hypothesis-testing  identity-politics  ideology  incentives  income  industrial-org  inequality  info-dynamics  infovis  innovation  input-output  institutions  intersection-connectedness  intersection  intervention  invariance  investing  ireland  iron-age  justice  karlmarx  kpmg  krugman  labor  larry-summers  laundering  law  le_pen  left-wing  legacy  lens  letters  leviathan  links  lobby  local-global  long-term  luxembourg  macat  macro  macron  madisonian  magnitude  malaise  management  managerial-state  manifolds  map-territory  marginal-rev  market-failure  market-power  markets  marx  medieval  mediterranean  meritocracy  meritocratic  meta:war  methodology  middleclass  mit  mobility  model-class  models  modernity  mokyr-allen-mccloskey  moments  monetary-fiscal  money  money_2.0  monopoly  moral  morality  mostly-modern  multi  mélenchon  nationalism-globalism  newbook  news  nl-and-so-can-you  noahpinion  nyt  nytimes  objektbuch  offshore  old-anglo  oligarchy  onepercent  optimate  optimism  order-disorder  orfe  org:biz  org:bv  org:davos  org:edu  org:fin  org:foreign  org:gov  org:mag  org:ngo  outcome-risk  panamapapers  paper  patience  pdf  peace-violence  pessimism  physics  planning  plots  plutocracy  pocket  pol  polanyi-marx  polarization  polisci  political-econ  politics  poll  pop-diff  populism  poverty  pre-ww2  prepping  progression  property-rights  ps  pseudoe  psychology  quality  quotes  race  randy-ayndy  rant  rate-of-return  rate  reason  reddit  redistribution  reflection  regression-to-mean  regularizer  regulation  religion  rent-seeking  rentiers  rentism  return  review  revolving  rhetoric  rich  right-wing  roots  rot  russia  s-factor  saez  scale  search  securities  sickburn  sinosphere  social-norms  social-psych  social-science  social  spd2.0_star5  stagnation  state  stats  steuern  strategy  street-fighting  study  stylized-facts  summary  super  supply-demand  switzerland  synthesis  tax  taxation  taxes  technocracy  temperance  the-bones  the-classics  theos  thomas  time-preference  time-series  to_blog  trade  tradeoffs  trap  trends  twitter  uk  unaffiliated  ungleichheit  university  usa  values  vampire-squid  variance-components  virtu  visualization  vox  voxeu  wage  wages  war  wealth  wef  welfare-state  welfare  westminster  whiggish-hegelian  white-collar  winner-take-all  within-group  wonkish  world-war  world  youth  zeitgeist  🎩 

Copy this bookmark:



description:


tags: