Is inequality harmful for economic growth? Is the underdevelopment of Latin America related to its unequal distribution … of wealth? A recently emerging consensus claims not only that economic inequality has detrimental effects on economic … responsible for the radically different economic performances of the north and south of the continent. In this paper we …

Some of today's most heated policy debates about Brexit, trade wars, climate change abatement, and migration involve … redistribution of resources within a given country (national redistribution) and between countries (global redistribution … individuals with incomes in the upper levels of the national income distribution are less supportive of national redistribution …

that prominent stylized facts about global inequality are not robust. At one extreme, theories of relative deprivation …

This article reviews the recent literature on the dynamics of global wealth inequality. I first reconcile available … estimates of wealth inequality in the United States. Both surveys and tax data show that wealth inequality has increased … the bottom 75% share hovered around 10%. Recent studies, however, may under-estimate the level and rise of inequality, as …

Motivated by the recent rise of populism in western democracies, we develop a tractable equilibrium model in which a … consumption of "elites." Economic growth exacerbates inequality due to heterogeneity in preferences, which generates heterogeneity … globalization. Equality is a luxury good. Countries with more inequality, higher financial development, and trade deficits are more …

skewed and persistent distribution of earnings, differential saving and bequest rates across wealth levels, and capital … income risk. All of these factors are necessary for matching both distribution and mobility, with a distinct role in inducing … wealth accumulation near the borrowing constraints, contributing to the thick top tail of wealth, and affecting upward and …

We develop an efficient and easy-to-use computational method for solving a wide class of general equilibrium … heterogeneous agent models with aggregate shocks, together with an open source suite of codes that implement our algorithms in an … matters for the dynamics of macroeconomic aggregates. We present two applications that analyze a two-asset incomplete markets …

-income taxpayers) in order to provide consistent series on the accumulation and distribution of income and wealth in China over the …. This can be accounted for by a combination of high saving and investment rates and a gradual rise in relative asset prices …, reflecting changes in the legal system of property. The share of public property in national wealth has declined from about 70 …

Kingdom. We observe rising top income and wealth shares in nearly all countries in recent decades. But the magnitude of the …

understanding of income and wealth inequality. In this paper, I highlight some of the key empirical facts from this research and … comment on how they relate to macroeconomics and to economic theory more generally. One of the key links between data and … is in this context that the role of the famous r-g expression is best understood …