This paper provides an overview of the modern perspective on the relationship between inequality and economic … development. …

Foreign price shocks have significant effects on functional income distribution and on inflation inequality. By … with an inflation-targeting regime. We investigate the impacts of foreign price shocks on income and inflation inequality … shock increases the profit share and the within-workers inequality (in real terms), since low-wage workers are more affected …

United States (1921-2012) to estimate two Gini-like indices representing inequality at the bottom and the top of the income … to be mostly explained by an increase in inequality at the bottom of the income distribution, which more than offsets the … decrease in inequality at the top. The implication is that middle incomes gained relative to high incomes, but especially …

comparative development. We also show that ethnic inequality goes in tandem with lower levels development also within countries … countries. We construct measures of ethnic inequality combining ethnolinguistic maps on the spatial distribution of groups with … satellite images of light density at night. Ethnic inequality is strongly inversely related to per capita income; this pattern …

Conventional wisdom about the relationship between income distribution and economic development has been subjected to … dramatic transformations in the past century. While Classical economists advanced the hypothesis that inequality is beneficial … for economic development, the Neoclassical paradigm, which had subsequently dominated the field of macroeconomics …