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. …

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 … the impact of financial liberalization on inequality. Also the quality of political institutions conditions the impact of …

We examine the relationship between capitalism and income inequality for a large sample of countries using an adjusted … economic freedom index as proxy for capitalism and Gini coefficients based on gross-income as proxy for income inequality. Our … results suggest that there is no robust relationship between economic freedom and income inequality. In addition, we analyze …

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 …

This paper examines the impact of labour market and product market reforms on income inequality for 25 OECD countries …. Our results suggest that both types of (endogenized) reforms cause more income inequality. Consistent with this finding is … that counter-reforms lead to less income inequality. However, the inequality-raising effects of reforms occur especially in …