captures the main patterns of inequality, between and within the social groupings. We find that the effects of peer pressure on … within-group inequality differ between groups. We also find that wealth and consumption inequality increase within groups who … aspire to match social targets from a higher class, despite a reduction in within-group inequality in hours and earnings. …

captures the main patterns of inequality, between and within the social groupings. We find that the effects of peer pressure on … within-group inequality differ between groups. We also find that wealth and consumption inequality increase within groups who … aspire to match social targets from a higher class, despite a reduction in within-group inequality in hours and earnings …

Preserving environmental quality and addressing economic inequality both feature prominently in public discourse … consider interactions with the other. We synthesize theoretical mechanisms that underpin inequality-environment interlinkages … distribution of environmental amenities and dis-amenities is associated with income and wealth, second, how economic inequality …

This paper studies how household inequality shapes the effects of the zero lower bound (ZLB) on nominal interest rates … combine low inflation targets and high levels of wealth inequality …

in the population, these savings externalities may contribute to inequality. Working with an open economy heterogenous … increase wealth inequality between the groups and within the group of the non-university educated households. We further find …

wealth inequality. Using estimates of the earnings processes for each group to calibrate the model, we find wealth inequality … within and between the groups that is consistent with the data. Moreover, the predictions for overall wealth inequality are … heterogeneity generates a between-group pecuniary externality which in turn leads to the predicted differences in wealth inequality …

in the population, these savings externalities may contribute to inequality. Working with an open economy heterogenous … increase wealth inequality between the groups and within the group of the non-university educated households. We further find …

Preserving environmental quality and addressing economic inequality both feature prominently in public discourse … consider interactions with the other. We synthesize theoretical mechanisms that underpin inequality-environment interlinkages … distribution of environmental amenities and dis-amenities is associated with income and wealth, second, how economic inequality …

This paper studies the secular increase in U.S. household debt and its relation to growing income inequality and …

We propose a theory of indebted demand, capturing the idea that large debt burdens by households and governments lower … aggregate demand, and thus natural interest rates. At the core of the theory is the simple yet under-appreciated observation … a two-agent overlapping-generations model, we find that recent trends in income inequality and financial liberalization …