redistribution and a modest effect of two year led inequality …

redistribution and increase the amount of time they spend socializing with peers. In addition, we find some evidence of reallocative …, above and beyond effects coming from spending more time with peers, changing beliefs about redistribution, or changes in …

-acting force to the rapid increase in income inequality. Using a political-economy model where parties bargain over taxes and …

. Surprise government transfer spending devalues real Treasury payoffs through fiscal inflation, while fiscal redistribution … redistribution mechanism can quantitatively explain the nominal term premium in a TANK framework …

This paper considers questions about the implications of rising inequality for the theory and practice of public … estimate of the underlying degree of inequality. The paper then considers the implications of high and perhaps rising economic … inequality for the design of government policy: top marginal tax rates, phase-outs of government policies for those with higher …

motives, the government's incentive to default on its external debt is affected by inequality. We show that in equilibrium the … generously on transfers and keeps the inequality low. In the second regime, it implements austerity-like policies by cutting … transfers, reducing foreign debt and increasing the inequality. The equilibrium dynamics resembles the populist cycles …

income inequality and stock prices initially increase but eventually decrease with the tax rate. Investment risk, stock … market participation, and skill heterogeneity all contribute to inequality. Cross-country empirical evidence supports the …

Despite the large increases in economic inequality since 1970, American survey respondents exhibit no increase in … support for redistribution, in contrast to the predictions from standard theories of redistributive preferences. We replicate … have most moved against income redistribution are the elderly and African-Americans. We find little evidence that these …