We examine the determinants of income mobility and inequality in a Ramsey model with elastic labor supply and … rate reduce capital income inequality and allow upward mobility of the ability-rich. However, the increase in the labor … result, high mobility can be associated with an increase or a decrease in overall income inequality. …

perceived and the actual fairness of the income generation process affects this association. Building on a simple model of … of utility, and lower preferred levels of income redistribution. In societies with a low level of actual social mobility …, income inequality is perceived more negatively with increased perceived fairness, due to the need for unexpected policy …

We investigate the evolution of global welfare in two dimensions: income per capita and life expectancy. First, we … estimate the marginal distributions of income and life expectancy separately. More importantly, in contrast to previous … univariate approaches, we consider income and life expectancy jointly and estimate their bivariate global distribution for 137 …