This note is motivated by recent arguments made by Martin Feldstein in which the relevance of inequality is dismissed … (if everybody's income goes up, who cares if inequality is up too?), and the argument is made that only poverty … alleviation should matter. This note shows that we all do care about inequality, and to hold that we should be concerned with …

inequality ? We consider two types of wage inequality : between occupations (skills premium), and between industries. We use two … large data bases of wage inequality that have become recently available and a large dataset of average tariff rates all …-industry inequality in poorer countries (those below the world median income) and the reverse in richer countries. The results for inter …

inequality ? We consider two types of wage inequality : between occupations (skills premium), and between industries. We use two … large data bases of wage inequality that have become recently available and a large dataset of average tariff rates all …-industry inequality in poorer countries (those below the world median income) and the reverse in richer countries. The results for inter …

equities, we examine equilibrium unemployment. While a mechanism of an efficiency wage brings about nominal wage rigidity …, unemployment occurring in our model definitely has Keynesian features. For instance, a reduction in wages rather enhances … unemployment through a decrease in consumption. In addition, our paper shows a possibility of Pareto improvement through an …

unemployment persistence. …