We examine the determinants of income mobility and inequality in a Ramsey model with elastic labor supply and … relationship between mobility and inequality is complex. For example, a reduction in the interest rate and an increase in the wage … rate reduce capital income inequality and allow upward mobility of the ability-rich. However, the increase in the labor …

, growth and social mobility than under political regimes supported by the rich; pre-tax inequality is greater in the former …

occur. We show that a consumption tax or a capital tax, levied to finance public capital, does not increase inequality. In … our model capital tax-financed public investment has even an inequality-reducing effect -- thus allowing for Pareto …-improving public investment that decreases inequality. Additionally we find that agents differ in their preferred tax rates. These …

Finances. The household-level data allow us to study the joint distributions of household income and wealth since 1949. We … shift the wealth distribution because the composition and leverage of household portfolios differ systematically along the … wealth distribution. Middle-class portfolios are dominated by housing, while rich households predominantly own equity. An …

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 …

annuities, or for a given level of annuitization, both increasing longevity and decreasing fertility should reduce the inherited … distributed if aging is driven by a drop in fertility. In comparison, the effect of increasing longevity on their distribution in …

in a household can be supported by self interest. Since the costs of raising children are unequally distributed among … the legal costs of divorce, on the interrelationships among the decisions on marriage, fertility and divorce …

We estimate and decompose family income-related inequality in child health in the US and analyze its dynamics using the … income-related child health inequality remains stable from early childhood into adolescence. The main factor underlying … income-related child health inequality is family income itself, although other factors, such as maternal education, also play …

inequality and widening gaps between rich and poor, and urban and rural. It is therefore it is important to examine the … interrelationships between inequality and economic growth. This paper develops a simple model to establish that the change in income …, inequality and growth bear a non-linear relationship: for low values of inequality, economic growth rate is an inverted U …

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 …