in alleviating poverty, while saving at very low rates and neglecting investment in health and education. Such … consumption patterns seem to be related to the persistence of poverty. We offer an explanation for this observation, based on a … can help explain the persistence of poverty. …

generate the observed patterns of wealth and income inequality in the United States. This model generalizes the standard …

This paper studies the impact of income inequality on fiscal conservatism when an increase in inequality affects the …, inequality will then be associated with less, rather than more, redistributive taxation. Furthermore, if the poor are liquidity … constrained then the positive association between inequality and fiscal conservatism will increase the persistence in the dynamics …

importance of initial parental conditions (i.e. the driving force behind the persistence of inequality) enhances mobility and … inequality becomes more persistent. The reduction in the concentration of human capital in technologically-advanced sectors …

In this paper, we revisit the association between happiness and inequality. We argue that the interaction between the …, income inequality is perceived more negatively with increased perceived fairness, due to the need for unexpected policy …

We argue that perceived fairness of the income generation process affects the association between income inequality and … income redistribution. Income inequality is predicted to have a more favorable impact on subjective wellbeing for individuals … differences in individual tolerance for income inequality, and the predicted influence of actual fairness. …

, which provides an integrated framework for analysing the local determinants of inequality and growth. Five main conclusions … inequality in education and income more persistent across generations. Whether the same is true of inequality in total wealth …

In this paper, we revisit the association between happiness and inequality. We argue that the perceived fairness of the … less in favor of income redistribution. In societies with a high level of actual social mobility, income inequality is …

In this paper, we revisit the association between happiness and inequality. We argue that the perceived fairness of the … less in favor of income redistribution. In societies with a high level of actual social mobility, income inequality is …

Against the background of inconclusive evidence about the inequality–growth relation, this paper suggests that the … level of inequality increases via the human capital channel with credit market imperfections and that this increasing … inequality negatively affects economic growth. We expand the model presented by Galor and Zeira (1993) to represent the fact that …