, while inequality tends to rise monotonically. Bonus caps and income taxes can help restore balance in agents' incentives and …

-tax reforms using a model economy that replicates the U.S. distributions of earnings, income and wealth in very much detail. We … of after-tax income. In contrast, the more progressive reform brings about a -2.6% reduction in steady state output and a … distribution of after-tax income that is more egalitarian. We also find that in the less progressive flat-tax economy aggregate …

poor is not seen as affecting future income. We test these hypotheses by partitioning the sample across income and …

substantial drop of median income and a remarkable income growth at the top 0.1% of the income distribution. The increase of … income inequality was stronger in East Germany than in West Germany. In both regions, the income concentration process … obtains its income from business and capital, the income share that it receives in form of wage income is increasing. …

income, and popular perceptions of the poor. The model shows in particular how complementarities arise endogenously between …

We explore the relationship between import protection and the household distribution of income. We first develop a … of trade. Regression results suggest that import protection makes income distribution worse for countries in labour …