main patterns of inequality, between and within the social groupings. We find that the effects of peer pressure on within …-group inequality differ between groups. We also find that wealth and consumption inequality increase within groups who aspire to match … social targets from a higher class, despite a reduction in within-group inequality in hours and earnings. …

in wealth and health, implying persistent increases in wealth inequality that are characterised by increases in wealth … and/or with lower wealth. These changes lead to inequality in exposure to post-pandemic income risk and, in particular, an … incentivising investment in health for those with low wealth and health, it reduces health inequality and, in the short run, the …

for all households, and an increase in wealth inequality. Nevertheless, welfare losses are bigger for households with …

-)distribution decisions, suggesting that people view parental influence as a legitimate reason to justify some inequality. This can explain …

Meritocratic beliefs are often invoked as justification of inequality. We provide evidence on how meritocratic beliefs … are shaped by economic status and how they contribute to the moral justification of inequality. In a large-scale survey …. Exploiting exogenous variation in meritocratic beliefs in a two-stage analysis shows that beliefs affect how much inequality …