Is Influential Socialist Economist Thomas Piketty More Wrong Than You Think?

Here is the Urban Institute's comparison of 1979-present estimates of where income growth went. Piketty-Saez is the clear outlier, even compared to their own later work. And that later work also overstates top income growth relative to the other studies. pic.twitter.com/H3YujkFWct

— Phil Magness (@PhilWMagness) December 13, 2018