Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/169223
Authors: 
Milanovic, Branko
Year of Publication: 
2016
Series/Report no.: 
LIS Working Paper Series 663
Abstract: 
Piketty's r>g implies an increase in capital-output ratio and in the share of capital income in net output. But it still does not guarantee the increase in personal income inequality. We derive the conditions for the "pass-through" of the rise in the share of capital income to greater personal income inequality. They have to do with the concentration of income from capital and its association with higher overall income. A key way to breaking the "transmission" into higher personal inequality is to diversify ownership of capital ("people's capitalism").
Document Type: 
Working Paper

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