has implications for the estimation of economic models of energy-intensive durables, for oil price forecasting, and for …

Previous estimates of inequality of opportunity (IOp) are lower bounds because of the unobservability of the full set …, is important for the acceptance of (some) inequality and the design of redistributive policies as underestimating the …

on debt composition. Based on a simulation exercise, we find a limited effect of wealth shocks on consumption inequality …. An increase in stock prices tends however to slightly increase consumption inequality, especially at the top of the …

We develop a model of international trade between two symmetric countries that features inter-group inequality between … entrepreneurs and workers, and also intra-group inequality within each of those two groups. Individuals in the economy are … increases if this selection effect is sufficiently strong. Gains from trade are accompanied by larger inequality along multiple …

Using a panel fixed effects model for a sample of 121 countries covering 1975‐2005, we examine how financial … development, financial liberalization and banking crises are related to income inequality. In contrast with most previous work …, our results suggest that all finance variables increase income inequality. The level of financial development conditions …

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 …

specification and estimation strategies …