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Thomas Piketty and the rate of time preference

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1 Published in 2017 at "Journal of Economic Dynamics and Control"

DOI: 10.1016/j.jedc.2017.02.006

Abstract: Using a standard model in which the individual consumption path is computed solving an optimal control problem, we investigate central claims of Piketty (2014). Rather than r > g (confirmed in the data) r−ρ>g –… read more here.

Keywords: thomas piketty; time preference; time; rate time ... See more keywords