Piketty Endorses New Research on New Zealand Wealth and Debt
What happened
Thomas Piketty endorsed a new research report that analyzed wealth distribution and debt in New Zealand between 2021 and 2024. The study, which was commissioned by David Parker and conducted by a researcher at the Paris School of Economics, found that the wealthiest 311 families paid an effective tax rate of 8.1%.
From thedailyblog.co.nz
Why it matters
The research indicates that the effective tax rate for the wealthiest families was less than half that of the median-wealth adult. Furthermore, private mortgage debt in New Zealand rose by 5.4% to $401.7 billion in the September quarter, according to Reserve Bank of New Zealand figures.
From thedailyblog.co.nz
Who's involved
- Thomas PikettyFrench economist who endorsed the research report
- David ParkerEconomist who commissioned the research from the Paris School of Economics
- Paris School of EconomicsFrench network of economics researchers that conducted the study
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The entities involved
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Thomas Piketty
French economist (born 1971)
Nothing else this week.
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David Parker
economist (Cranfield University)
Nothing else this week.
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Paris School of Economics
French network of economics researchers