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April 13, 2018

Thomas Piketty

Thomas Piketty is a Professor at EHESS and at the Paris School of Economics.

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May 29, 2014

Piketty versus Hassett: a primer on after-tax income and inequality

The Director of Economic Policy Studies at the American Enterprise Institute, Kevin Hassett, asserts that Thomas Piketty—the author of “Capital in the 21st Century”—is mistaken to focus on pre-tax and transfer income inequality because it obscures the countervailing increase in the generosity of the welfare state since 1979. According to this view, the political system […]

working-papers
January 28, 2019
By Thomas Piketty, Emmanuel Saez, Gabriel Zucman,

Simplified distributional national accounts

Authors: Thomas Piketty, Paris School of Economics Emmanuel Saez, University of California, Berkeley Gabriel Zucman, University of California, Berkeley Abstract: This paper develops a simplified methodology that starts from the fiscal income top income share series and makes very basic assumptions on how each income component from national income that is not included in fiscal […]

working-papers
February 12, 2018
By Gauti Eggertsson, Jacob Robbins, Ella Getz Wold,

Kaldor and Piketty’s facts: The rise of monopoly power in the United States

Read the full PDF in your browser Authors: Gauti Eggertsson, Professor of Economics, Brown University Jacob A. Robbins, Ph.D. Candidate, Brown University Ella Getz Wold, Ph.D. Candidate, Brown University Abstract: The macroeconomic data of the last thirty years has overturned at least two of Kaldor’s famous stylized growth facts: constant interest rates, and a constant […]

working-papers
December 6, 2016
By Thomas Piketty, Emmanuel Saez, Gabriel Zucman,

Distributional national accounts: Methods and estimates for the United States

Read the full PDF in your browser Authors: Thomas Piketty, Professor of Economics, École des Hautes Études en Sciences Sociales, Paris School of Economics Emmanuel Saez, Professor of Economics & Director of the Center for Equitable Growth, University of California, Berkeley Gabriel Zucman, Assistant Professor of Economics, University of California, Berkeley Abstract: This paper combines […]

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October 21, 2014

Thomas Piketty, depreciation and the elasticity of substitution

When “Capital in the 21st Century” was published in English earlier this year, Thomas Piketty’s book was met with rapt attention and constant conversation. The book was lauded but also faced criticism, particularly from other economists who wanted to fit Piketty’s work into the models they knew well (Equitable Growth’s Marshall Steinbaum replied to many of […]

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May 27, 2014
By Carter C. Price,

Piketty’s data deserve better analysis

There was buzz across the economics blogosphere and twitterverse over the Memorial Day weekend and into the work week today about Chris Giles’ Friday afternoon Financial Times piece claiming that data errors in the best-selling “Capital in the 21st Century” invalidate author Thomas Piketty’s results on the relationship between economic growth and the concentration of […]

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June 24, 2014

Piketty’s Treatment of Housing as Capital Is not an Excuse to Ignore His Predictions

Thomas Piketty’s “Capital in the 21st Century” is clear from the beginning: housing and real estate generally ought to be included in the definition of “capital” for the book’s purpose, since the point is to examine the aggregate effect of accumulated wealth that produces an annual return through no effort on the part of its […]