easy-to-use toolbox. Our method extends standard linearization techniques and is designed to work in cases when inequality … factor-specific productivity shocks shape dynamics of income and consumption inequality …

"capitalist" only profit income-- offers insights about how income inequality affects the monetary transmission mechanism. Under …

higher capital incomes. This increases inequality. To make this argument, we develop a tractable theory that links technology … effects of automation. We isolate a new theoretical mechanism: automation increases inequality via returns to wealth. The flip … the observed trends in income and wealth inequality and macroeconomic aggregates …

distributed to workers, their income and life cycle savings are increased. On both accounts, wealth inequality is reduced. Thus …, consistent with Henry George's views, a tax on the returns on land, including capital gains, reduces inequality with no adverse …

inequality …