Replication data for: Capital Taxation in the Twenty-First Century
- Auerbach, Alan J.
- Hassett, Kevin
AbstractIn 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.
Is supplement to
DOI: 10.1257/aer.p20151058 (Text)
Auerbach, Alan J., and Kevin Hassett. “Capital Taxation in the Twenty-First Century.” American Economic Review 105, no. 5 (May 2015): 38–42. https://doi.org/10.1257/aer.p20151058.
- ID: 10.1257/aer.p20151058 (DOI)
Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12