at the tails of the wage distribution in high skill occupations, the effects on overall inequality are shown to be …

strong incentives for product innovations (new luxuries). We show that the inequality-growth relationship depends on which …

inequality across countries. We find that if inequality across countries is low, the extensive margin of trade between countries …

This paper describes individuals' inequality perceptions, distributional norms, and redistributive preferences in a … inequality and redistribution. Not surprisingly, the effective level of redistribution (after tax-and-transfer inequality) is … objective dimension of inequality and redistribution are, at least partially, linked with individuals' political preferences and …

This paper analyzes the impact of inequality on growth when technical progress is driven by innovations and consumers … have hierarchic preferences. Inequality has an impact on growth because it affects the structure and the dynamics of demand …

We utilize Schmookler’s (1966) concept of demand-induced invention to study the role of income inequality in an … distribution of income affects the incentive to innovate and hence long-run growth. In general, less inequality tends to discourage …

the U.S. We review insights from the recent macroeconomic literature on inequality and growth and use these insights to … shed light on the growth and inequality trends. …

Recent macroeconomic research discusses credit market imperfections as a key channel through which inequality retards … are considered to become stronger as inequality rises. This paper, though, argues that higher inequality may actually … work on the inequality-growth nexus should use more specific measures of inequality rather than measures of “overall …