G2TT
来源类型Discussion paper
规范类型论文
来源IDDP16631
DP16631 Wealth and History: An Update
Daniel Waldenstrom
发表日期2021-10-13
出版年2021
语种英语
摘要This paper analyzes new evidence on long-run trends in aggregate wealth accumulation and wealth inequality in Western countries. The new findings suggest that wealth-income ratios were lower before World War I than previously claimed, that wealth concentration fell over the past century and has remained low in Europe but increased in the United States, that wealth has changed from being dominated by elite-owned fortunes to consist mainly of popular wealth, and that capital shares in national income have been relatively stable over time, especially in the postwar era. These findings cast doubt on claims that a low-tax, low-regulation capitalism will generate extreme capital accumulation, and that persistent wealth equalization requires large shocks to capital coming from wars or progressive taxation. Instead, institutions that promote household wealth accumulation from below appear to be key for understanding the long-run evolution of wealth in Western societies.
主题Economic History
关键词Wealth-income ratios Wealth inequality Capital share Economic history
URLhttps://cepr.org/publications/dp16631-0
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/545573
推荐引用方式
GB/T 7714
Daniel Waldenstrom. DP16631 Wealth and History: An Update. 2021.
条目包含的文件
条目无相关文件。
个性服务
推荐该条目
保存到收藏夹
导出为Endnote文件
谷歌学术
谷歌学术中相似的文章
[Daniel Waldenstrom]的文章
百度学术
百度学术中相似的文章
[Daniel Waldenstrom]的文章
必应学术
必应学术中相似的文章
[Daniel Waldenstrom]的文章
相关权益政策
暂无数据
收藏/分享

除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。