Also confirming that r>>g, returns are considerably larger than economic growth, validating Piketty. I.e. it is increasingly getting more beneficial to own than to work. And from this data it seems that the difference is even accelerating.
Page 53:
>Despite some variation, the positive gap between r and g is
a persistent feature of the data: r is bigger than g in every country and every time period that we
consider. The last few decades prior to the Global Financial Crisis saw a general widening of this
gap
Page 53: >Despite some variation, the positive gap between r and g is a persistent feature of the data: r is bigger than g in every country and every time period that we consider. The last few decades prior to the Global Financial Crisis saw a general widening of this gap