We study residential investment over GDP in 20 OECD countries since 1980, and show that it is closely associated with the growth dynamics of population aged 20-49. We develop a new method to uncover the causal effect of the growth of the 20-49 age group. Using past demographic data as an...

Dans son ouvrage, Le capital au XXIe siècle, Thomas Piketty souligne les risques d’une explosion des inégalités de patrimoine, car le capital augmenterait plus vite que le revenu dans plusieurs pays, dont la France. Nous reviendrions ainsi au niveau des inégalités du début du XXe...

Dans son ouvrage, Le capital au XXIe siècle, Thomas Piketty souligne les risques d’une explosion des inégalités de patrimoine, car le capital augmenterait plus vite que le revenu dans plusieurs pays, dont la France. Nous reviendrions ainsi au niveau des inégalités du début du XXe...

In his book, Capital in the 21st Century,Thomas Piketty highlights the risk of an explosion of wealth inequality because capital is accumulating faster than income in several countries including the US and European countries such as France. Our work challenges the conclusions of the author in...

In his book, Capital in the 21st Century,Thomas Piketty highlights the risk of an explosion of wealth inequality because capital is accumulating faster than income in several countries including the US and European countries such as France. Our work challenges the conclusions of the author in...