Replication data for: Capital Taxation in the Twenty-First Century

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Auerbach-Hassett-P-P-Data-File			10/12/2019 10:41:AM
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Project Citation:

Auerbach, Alan J., and Hassett, Kevin. Replication data for: Capital Taxation in the Twenty-First Century. Nashville, TN: American Economic Association [publisher], 2015. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2019-10-12. https://doi.org/10.3886/E113390V1

Project Description

Summary: In his influential book, Capital in the Twenty-First Century, Thomas Piketty argues forcefully that rising wealth and wealth inequality is an inherent characteristic of capitalist economies and calls for strong policy responses, in particular a substantial wealth tax implemented globally. This paper takes issue with the facts, logic, and policy conclusions in Piketty's book, suggesting that the factors needed to support the inexorable rise in capital's share and concentration are lacking and that among tax policy reforms aimed at dealing with economic inequality a wealth tax finds little support either in Piketty's own work or elsewhere in the literature.

Scope of Project

JEL Classification:
      D31 Personal Income, Wealth, and Their Distributions
      E22 Investment; Capital; Intangible Capital; Capacity
      E23 Macroeconomics: Production
      E25 Aggregate Factor Income Distribution
      H24 Personal Income and Other Nonbusiness Taxes and Subsidies; includes inheritance and gift taxes
      H87 International Fiscal Issues; International Public Goods
      P16 Capitalist Systems: Political Economy

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Published Versions

V1 [2019-10-12]

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DDI 2.5

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