Piketty, Thomas; Zucman, Gabriel - C.E.P.R. Discussion Papers - 2014
This article offers an overview of the empirical and theoretical research on the long run evolution of wealth and … inheritance. Wealth-income ratios, inherited wealth, and wealth inequalities were high in the 18th-19th centuries up untilWorldWar …, the long run magnitude and concentration of wealth and inheritance are an increasing function of r — g, where r is the net …