
I have a new working paper with Phil Magness. In this paper, we show a major methodological inconsistency in the estimates of income inequality produced by Thomas Piketty and Emmanuel Saez for the period from 1917 to 2020. The error is not just a level error but also a trend error. Below is the image […]
New Working Paper: A Methodologically Consistent Measure of Income Inequality in the United States, 1917 to 2020
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