Thomas Piketty's "Capital in the 21st century" has been the most important book economy in recent times. Its aim integrates the debate theories of growth, income distribution, inequality and differences between the extremes income and income of the majority. The work predicts a slow increase in...

We analyse the impact of the measure of the living standard on poverty and inequality diagnosis. Three measures are assessed on the fourth waves of the European Community Household Panel (ECHP). The first one divides the household instantaneous income by the current consumption units. The two...