This paper studies the impact of income inequality on fiscal conservatism when an increase in inequality affects the … bottom portion of income distribution. It is argued that, contrary to what is generally assumed in the economic literature …, inequality will then be associated with less, rather than more, redistributive taxation. Furthermore, if the poor are liquidity …

rise in income inequality. Poverty has increased sharply with an estimated 18.5% of the population on incomes below the … the population have gained under the reforms, average real household per capita income has declined significantly with … households at the lower end of the income distribution suffering the greatest fall. Consequently there has been a substantial …

Intergenerational inequality and old-age poverty are salient issues in contemporary China. China's aging population …

-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 …

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 … is increasing and concave in today’s income. The laissez-faire coalition is larger the more concave the transition …

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 …

high inequality and low redistribution, or vice versa. Temporary shocks to the distribution of income or the political … redistributions decreases with the degree of inequality, at least over some range. Moreover, capital market imperfections make future …

This paper surveys major empirical regularities concerning changes in earnings inequality in Europe and the US over the … possible rationale for recent inequality developments. …