expectations of high mobility are sustained (the ?American Dream?) and dampen the demand for redistribution. In so doing, it draws …

redistribution, since a decrease in current interest rates favors agents with below-average wealth. By the same token---and as is …-horizon contexts, and using a combination of analytical and numerical results, how tax rates and inequality are determined over time …

private pension and lower income inequality than Beveridgean systems. This paper introduces a bidimensional voting model to … determines the degree of redistribution of the social security system - Bismarckian or Beveridgean- and the size of the transfer … private scheme. Middle-income individuals instead favor a large earning-related system. Hence, large (small) inequality is …

consistent with the empirically more pronounced tendency of poor would-borrowers to favor government redistribution in countries …

consumption choice throughout the life-cycle. The model generates substantial rise in consumption inequality over the life …-cycle, which matches empirical observations (Deaton and Paxson 1994). Moreover, the shape of the age-inequality profile is non …

Changes in inequality of yearly earnings can arise from changes in the distribution of lifetime earnings (permanent …-sectional and long-run earnings inequality. These data enable us to examine earnings dynamics during the years 1979-1996 for the … indicate that although there are substantial differences in overall cross-sectional inequality across these countries, the …