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. …

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. …

In this paper, we revisit the association between happiness and inequality. We argue that the interaction between the …, income inequality is perceived more negatively with increased perceived fairness, due to the need for unexpected policy …

relationship between inequality of entitlements, mortality risk, and the size of redistribution in a stylized social security … system. We find that mortality risk, when negatively correlated with entitlements, significantly lowers subjects’ willingness …

intergenerational inequality aversion and for risk aversion. If growth increases (reduces) intra-generational inequality, the SDR is …A formula is derived for the social cost of carbon (SCC) that takes account of intragenerational income inequality and … lower (higher) and the SCC higher (lower) than along an inequality-neutral growth path, especially if intra-generational and …

Does adverse selection hamper the effectiveness of voluntary risk sharing? How do differences in risk profiles affect … vary how risk profiles differ between individuals. We find strong evidence for adverse selection if individuals risk … profiles can be ranked according to first-order stochastic dominance and only little evidence for adverse selection if risk …