estimation and quantitative implications of the Melitz (2003) trade model? The benchmark Melitz model with Pareto … intensive margin, contradicting the benchmark Melitz-Pareto model. We find that moving from a Pareto to a lognormal distribution … the estimated model. Finally, we compare these effects to those that would be predicted by the Melitz-Pareto model, with …

greater wealth inequality. …

While standard political economy theories suggest a moderating effect of democratization on income inequality … first, that prevailing ideology may be an important determinant of inequality and, second, that the democratization effect … income groups, hence democratization may have only a negligible effect on inequality. On the other hand, in societies where …

these differences in cost-of-living. In this paper, we study consumption inequality in India, while fully allowing for non … significantly overestimate the rise in real inequality. Moreover, we show that the allowance for non-homotheticity is quantitatively … inequality when there is segregation in consumption / production, by which we mean that people's consumption patterns are skewed …

In view of rising inequality in fast growing Asian developing countries, it is important to study the relationship … between economic growth and income inequity. We develop a simple model to establish that economic growth and inequality can … bear a complex and non-linear relationship if policy makers try to impact on one (say, inequality) by influencing the other …

Our goal is to examine the income inequality and welfare effects of the direct distribution of resource rents and … rents-induced inequality. …

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 …