This paper discusses long-term trends in the macroeconomic growth performance and in income distribution in Europe and the U.S. We review insights from the recent macroeconomic literature on inequality and growth and use these insights to shed light on the growth and inequality trends

This paper advances and empirically establishes the idea that altruism is an important determinant of individual preferences over immigration. Using data from the European Social Survey from 2014 and 2015, our results document that individual norms and values strongly shape preferences over...