dramatic transformations in the past century. While Classical economists advanced the hypothesis that inequality is beneficial … two decades. Theory and subsequent empirical evidence have demonstrated that income distribution has a significant impact …

disclose the dramatic upward trend in inequality. On this basis, we estimate a two-equation model for the income distribution … labour share fall, while its increase in the 2000s prevented inequality from worsening three times more than it actually did …. In turn, had financialisation not increased after 2005, inequality would have decreased to its level in the early …

quality. The theoretical model suggests that income inequality, coupled with political bias in favor of the rich, decreases … in a panel of countries, the paper finds that inequality has a negative effect on both institutional quality and …

, increased that for higher-paid employees, and led to an increase in income inequality. Thus, the more important aspects of new …

% of the subjects exhibit significant deviations from linear probability weighting, consistent with prospect theory. 20% of …

national income (or wealth) appropriated by the same income group. In turn, we develop the Fiscal Inequality Coefficient which …