We examine trend economic developments in New Zealand and in each of Australia’s six states and two territories (i …

If Australia's population were to reach 40 million, it could only result from either a drastic reversal of the decline … in the fertility rate or a very large increase in the rate of net migration. This lecture explores this interesting …

environmental externality, human capital, and credit constraints. Environmental quality affects labor productivity and thus wealth … dynamics, whereas wealth distribution determines the degree to which agents rely upon natural resources and therefore the … lowers income, which in turn accelerates environmental degradation. We show that greater wealth heterogeneity is the key to …

From 1989 to 2001, wealth in real terms increased overall among U.S. families. But characterizing distributional … on the 400 wealthiest Americans and from the SCF, which explicitly excludes families in the Forbes list, that wealth grew … relatively strongly at the very top of the distribution. At the same time, the share of total household wealth held by the Forbes …

The large wealth and consumption inequality in the U.S. is usually attributed to two market frictions: debt constraints … large wealth dispersion and wealth concentration in the top tail of the distribution in the U.S. …