As suggested by recent empirical evidence, one of the causes behind the widespread rise of inequality experienced by … OECD countries in the last few decades may have been the increased flexibility of labor markets. The authors explore this … hypothesis through the analysis of a stock-flow consistent agent-based macroeconomic model able to reproduce with good …

of inequality across the different dimensions of income, consumption, and wealth. Households at the top of one dimension … are increasingly located at the top of the other two dimensions. The mechanisms for such convergence across dimensions are … the relatively high level of inequality in China may continue since income, consumption and wealth are increasingly …