| Literature DB >> 24855258 |
Thomas Piketty1, Emmanuel Saez2.
Abstract
This Review presents basic facts regarding the long-run evolution of income and wealth inequality in Europe and the United States. Income and wealth inequality was very high a century ago, particularly in Europe, but dropped dramatically in the first half of the 20th century. Income inequality has surged back in the United States since the 1970s so that the United States is much more unequal than Europe today. We discuss possible interpretations and lessons for the future.Mesh:
Year: 2014 PMID: 24855258 DOI: 10.1126/science.1251936
Source DB: PubMed Journal: Science ISSN: 0036-8075 Impact factor: 47.728