education arising from a Swedish compulsory schooling reform in the 1950s and 1960s, and the wealth holdings of the population …

This paper provides a comprehensive survey of seven aspects of rising inequality that are usually discussed separately …: changes in labor’s share of income; inequality at the bottom of the income distribution, including labor mobility; skill …-biased technical change; inequality among high incomes; consumption inequality; geographical inequality; and international differences …

We analyze the joint dynamics of religious beliefs, scientific progress and coalitional politics along both religious … but sometimes erode religious beliefs; (ii) a government, endogenously in power, that can allow such innovations to spread … or societal laws benefiting religious citizens. Rising income inequality can, however, lead some of the rich to form a …

. Bayesian learning implies that beliefs about the likelihood of rare disasters drop to a much more pessimistic level once a … disaster has occurred. Such a shift in beliefs can trigger massive declines in price-dividend ratios. Pessimistic beliefs … between rational and adaptive Bayesian learning. Rational learners account for the possibility of future changes in beliefs in …

, thereby confirming the belief that effort is not so important. The model has implications for wage inequality, the …

We study the evolution of racial educational inequality across US states from 1940 to 2000. We show that throughout …

cycle, of several dimensions of economic inequality, including wages, labor earnings, income, consumption, and wealth. After … inequality, over the last three decades. While the trend in the skill premium differed widely across countries, the experience … premium rose and the gender premium fell virtually everywhere. At a higher frequency, earnings inequality appears to be …