this return inequality? I study capital taxation in an economy in which return rates endogenously correlate with wealth … lower marginal tax rates. The endogeneity of returns generates an inequality multiplier effect between wealth and its …

This paper proposes a quantile regression estimator for a heterogeneous panel model with lagged dependent variables and … Pesaran (2015) and demonstrates that the extension to the estimation of dynamic quantile regression models is feasible under … the time series dimension of the panel is large. We present an application to the evaluation of Time-of-Use pricing using …

estimation of unconditional quantile partial effects in a model with correlated random effects. The results show that the impact …

We conduct an interdisciplinary meta-analysis to aggregate the knowledge from empirical estimates of inequality … aversion reported from 1999 to 2022. In particular, we examine 85 estimates of disadvantageous inequality aversion (or envy …) and advantageous inequality aversion (or guilt) from 26 articles in economics, psychology, neuroscience and computer …

We develop novel forecasting methods for panel data with heterogeneous parameters and examine them together with …-sectional (N) and time (T) dimensions and varying degrees of parameter heterogeneity. We investigate conditions under which panel …

strength matter for consistent estimation of risk premia and subsequent inference, thus an estimate of factor strength is …

We examine how trade openness influences income inequality within countries. The sample includes 139 countries over the … trade openness on income inequality differs across countries. Trade openness tends to disproportionately benefit the … economies, trade openness increased income inequality, an effect that is driven by outliers. Our results suggest a strong effect …

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 … social mobility increases. Using data on happiness and a broad set of fairness measures from the World Values Survey, we find …