public good is pure, any given, positive level of income inequality can be shown to be socially excessive by suitably … redistribution from the rich to the poor will improve social welfare, regardless of how small inequality is in the status quo. …

absolute inequality in welfare achievement, while leaving the change in relative inequality ambiguous. Additionally …

end of a period serves as her endowment in the following period. In this setting growth and inequality arise endogenously …. Inequality and group income are positively correlated for poor groups, but negatively correlated for rich groups. There is very … strong path dependence: inequality in early periods is strongly negatively correlated with group income in later periods …