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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. …
Persistent link: https://www.econbiz.de/10012103597
for all households, and an increase in wealth inequality. Nevertheless, welfare losses are bigger for households with …
Persistent link: https://www.econbiz.de/10012103582
Resource risk is a core ingredient of models of wealth inequality in modern economies, but remains understudied in … explanations of inequality in early human and small-scale societies that can inform us about the origins of inequality. Resource … risk generates variation in resources and leads to wealth inequality via savings decisions, given the available production …
Persistent link: https://www.econbiz.de/10014332106
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 …
Persistent link: https://www.econbiz.de/10012697960