One often heard counter to the concern on rising income and wealth inequality is that it is wrong to focus on … inequality of outcomes in a “snapshot.” Intergenerational mobility and “equality of opportunity”, so the argument goes, is what … lower inequality not between individuals but between the dynasties to which they belong? And how does this pattern in turn …

because European nations were in effect trying to fight market tendencies towards increased inequality. In the United States …, with its much more limited welfare state, there has been a striking rise in inequality; a stylized model suggests that the …

of the Thatcher reforms. The estimated impact turns out to be sensitive to the degree of `inequality aversion' of the …

This paper examines how economic stratification affects inequality and growth over time. It studies economies where …

This paper analyses the impact of inequality on growth when technical progress is driven by innovations. It is assumed … that consumers have hierarchic preferences. As a result inequality affects demand and therefore the incentive to innovate …. Whether more inequality is harmful or beneficial for growth depends on the initial distribution. Complementarities between a …

This paper investigates the determinants of group membership, and in particular the effect of income inequality on … individual incentives to join economic groups. Drawing on a simple model, we show that an increase in inequality has an ambiguous … inequality leads to more or less group participation. Using survey data from rural Tanzania we find that inequality at the …

States in terms of unemployment, productivity growth and wage inequality. To show this, we construct two fictitious economies …. In the laissez-faire economy (United States), unemployment remains constant, but wage inequality increases more and …