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 …

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 …

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 …

Rising income inequality since the 1980s in the United States has generated a substantial increase in saving by the top …

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 …