: changes in labor’s share of income; inequality at the bottom of the income distribution, including labor mobility; skill … in the income distribution, particularly at the top. We conclude that changes in labor’s share play no role in rising … inequality of labor income; by one measure labor’s income share was almost the same in 2007 as in 1950. Within the bottom 90 …

cycle, of several dimensions of economic inequality, including wages, labor earnings, income, consumption, and wealth. After … and the cyclical fluctuations in income inequality. The rise in income inequality was stronger at the bottom of the … distribution. Consumption inequality increased less than disposable income inequality, and tracked the latter much more closely at …

incomes above the mean. We also analyse mobility matrices from the Panel Study on Income Dynamics (PSID) and find significant … children, may move up the income ladder. This ‘Prospect of Upward Mobility’ (POUM) hypothesis is commonly advanced to explain …. There is a range of incomes below average where agents oppose lasting redistributions, provided tomorrow’s expected income …

impact of income inequality on the medium-run macroeconomic equilibrium. We find that (i) a sufficiently high extent of …) A redistribution of income from rich to poor (by means of progressive taxation) leads to higher employment and such a …

Models of labour market equilibrium where forward-looking decisions maximize both profits and labour income on a risk …

If redistribution is distortionary, and if the income of skilled workers is due to knowledge-intensive activities and … depends positively on intellectual property, a social planner which cares about income distribution may in principle want to …

wealth if the rich exhibit a higher intertemporal elasticity of substitution. Unlike the Solow-Stiglitz model, the steady …

This Paper studies a model of the distribution of income under bounded needs. Utility derived from any given good …

incentives for human cloning and its implications for the long run distribution of skills and income. We analyse models of human …-order implications for the long-run distribution of skills and income. An important consequence of these models is that if ability is …