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 …

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

There is abundant evidence on individual preferences for policies that reduce national inequality, but only little … evidence on preferences for policies addressing global inequality. To investigate the latter, we conduct a two-year, face … those misperceptions does not affect their support for policies related to global inequality …

The vast literature on earnings inequality has so far largely ignored the role played by hours of work. This paper … inequality in hours worked as well as the correlation between the two. We use data for the US, the UK, France, and Germany over … the period 1991-2016 to examine the evolution of inequality in hours worked and of the correlation between individual …