abundant Europe and the high-wage, labor scarce New World. Those global forces contributed to a reduction in unskilled labor … scarcity in the New World and to a rise in unskilled labor scarcity in Europe. Thus, it contributed to rising inequality in … overseas countries, like the United States, and falling inequality in most of Europe. Falling unskilled labor scarcity and …

neighborhood choice for a population of families. Parents affect the conditional probability distribution of their children …'s income through the choice of a neighborhood in which to live. Neighborhood location affects children through two mechanisms …. First, the level of education depends on the total income of a neighborhood, as all school funding is determined by majority …

happiness,' we find that there is a large, negative and significant effect of inequality on happiness in Europe but not in the … Europe inequality makes the poor unhappy, as well as the leftists. This favors the hypothesis that inequality affects … right). The results help explain the greater popular demand for government to fight inequality in Europe relative to the US …