Rehm, Miriam; Schnetzer, Matthias - In: European Journal of Economics and Economic Policies: … 12 (2015) 2, pp. 204-219
This paper argues that the cumulative causation processes between wealth and power risk leading to an escalation of wealth inequality. Piketty's historical description of this development from administrative data for individual countries is corroborated with new survey data for the eurozone, the...