We model the evolution of age-dependent personal income distribution and inequality as expressed by the Gini ratio. In our framework, inequality is an emergent property of a theoretical model we develop for the dynamics of individual incomes. The model relates the evolution of personal income to...

During this election period many Americans are feeling angry towards the very rich, especially those working in the financial sector, who helped cause the Great Recession and yet were bailed out by the government. Increases in inequality might be tolerable at a time of growing consumption for...

In the past two decades, there are significant changes in rural India. There is some significant progress in reduction of poverty. This study examines the pathways by the Dokur villagers of Andhra Pradesh in India to survive and improve livelihoods in the face of a decade of persistent drought....

This paper uses comparable international data to examine the extent and wage effects of skill mismatches among European university graduates. The results show that the mismatched earn on average 11.7% less than their well-matched counterparts. This effect, however, cannot be regarded as constant...

Education as a major human capital determinant of the modern growth models also enters the realm of spatial analysis. Yet, studies investigating the role of spatial distribution of education on income inequalities are rare. Originating from this central discussion, the study aims to understand...