| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w20919 |
| 来源ID | Working Paper 20919 |
| Capital and Wealth in the 21st Century | |
| David N. Weil | |
| 发表日期 | 2015-02-02 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | In Capital in the 21st Century, Thomas Piketty uses the market value of tradeable assets to measure both productive capital and wealth. As a measure of wealth this is problematic because it ignores the value of human capital and transfer wealth, which have grown enormously over the last 300 years. Thus the constancy of the wealth/income ratio as portrayed in his data is an illusion. Further, the types of wealth that he does not measure are more equally distributed than tradeable assets. The approach also incorrectly identifies capital gains due to reduced discount rates as increases in the capital stock. |
| 主题 | Microeconomics ; Market Structure and Distribution ; Other |
| URL | https://www.nber.org/papers/w20919 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/578593 |
| 推荐引用方式 GB/T 7714 | David N. Weil. Capital and Wealth in the 21st Century. 2015. |
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