China's income inequality has been largely overlooked as the economy moves rapidly toward the Kuznets curve peak. This paper … find that China's growth is positively affected by saving but has a limited effect on saving, that inequality mainly has a … negative impact on growth but has a positive impact on saving, and that inequality is a stronger factor than growth in …

over the period 1967-1996. We then use the estimated parameter values to decompose inequality in all variables of interest …

Was the increase in income inequality in the US due to permanent shocks or merely to an increase in the variance of …-cycle changes, transitory and permanent shocks and estimate the contribution of each to total inequality. Our model fits the joint … evolution of consumption and income inequality well and delivers two main results. First, we find that permanent changes in …

maker has learned? The key constraint we impose, which is shared across models of Bayesian learning, is that any learning … Dean 2015) and the NIAS condition (Caplin and Martin 2015) to allow for arbitrary learning. We apply our framework to show … how identification of what was learned can be strengthened with additional assumptions on the form of Bayesian learning …

cycle model featuring endogenous financial knowledge accumulation. The model generates substantial wealth inequality, over … the potential to account for a large proportion of wealth inequality. The fraction of the population which is rationally …