Příjmová nerovnost a majetková odchylka: Testování dopadu výnosů z akcií a nemovitostí ve Spojených státech

The thesis investigates the structural decoupling of capital returns (r) from productive economic growth (g) in the 21st-century United States. Derived from the theoretical frameworks of Piketty, Rognlie, and Glaeser, the study uses the Haig-Simons definition of income to analyze how asset inflation drives wealth divergence. By tracking financial and housing capital against Real GDP and median wages from 2000 to 2024, the study employs a Gap Multiplier (Mgap) to measure the velocity of this divergence across three distinct environmentsof the United States, those being California, Texas, and Ohio. The results show that while regions that are highly elastic can slow down the speed of divergence, they can not fully neutralize the advantage of capital over labor. Ultimately, the findings suggest that the 21st-century "Wealth Gate" is determined more by historical asset ownership than by current labor productivity, signaling a shift toward capitalism of inheritance across all observed US environments.