Piketty Responds to FT
Thomas Piketty has responded in detail to the FT's criticism of the wealth inequality statistics in his Capital book (see earlier post on this) - click here. Wealth inequality data is much harder to collect than income inequality data for the long run. My paper on wealth inequality in Ireland over the period 1858 to 2001 uses probate data to measure wealth inequality. The findings of my paper agree with Piketty's view that wealth has become more concentrated over recent decades.