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sector and inequality of income rises with productivity. We show that the expected utility of all agents can fall while … for status and technology-induced rises in inequality. Copyright Springer Science+Business Media New York 2014 …
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Using data from the Survey of Consumer Finances (SCF), we found that on average over the period from 1989 to 2007, about one fifth of American households at a given point of time reported a wealth transfer and these accounted for quite a sizeable figure, about a quarter of their net worth. Over...
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