We examine the determinants of income mobility and inequality in a Ramsey model with elastic labor supply and … relationship between mobility and inequality is complex. For example, a reduction in the interest rate and an increase in the wage … rate reduce capital income inequality and allow upward mobility of the ability-rich. However, the increase in the labor …

We investigate how income inequality affects social welfare in a model of voluntary contributions to multiple pure … voluntarily supplied public goods; specifically, we show that not only an income inequality-raising redistribution policy but also … allowed, an inequality-raising redistribution policy is no longer effective and leaves social welfare unchanged. …

financial literacy and business ownership for the increase in wealth inequality between college and non-college households. …

large enough to alter the inequality ranking of numerous countries. The average inflation effect we detect is almost as …

debate by proposing a new family of measures of unfair inequality. To do so, we acknowledge that inequality is not bad per se … fairness principles, namely equality of opportunity and freedom from poverty, into a joint measure of unfair inequality. Two … empirical applications provide important new insights on the development of unfair inequality both over time (in the US) and …

generates small welfare gains. As the price of robots falls, inequality rises but the robot tax and its welfare impact become …

When measuring income inequality over long periods of time, accounting for population and productivity growth is … that the U-shaped inequality trend over the past century holds up, but with important qualifications. Using measures that …-term income inequality trends. …

the idea of between-group inequality to situations where data on economic and ethnolinguistic distances between pairs of …