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Inequality in the long run
May 22 2014
May 22 2014
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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.
Copyright © 2014, American Association for the Advancement of Science.
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Most cited references15
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T. Piketty, E Sáez (2003)
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Income Inequality in France, 1901–1998
Thomas Piketty (2003)