dramatic transformations in the past century. While Classical economists advanced the hypothesis that inequality is beneficial …

such empirical heterogeneity. Using a very large sample of world citizens we test the consistency of income inequality in …Do people care about income inequality and does income inequality affect subjective well-being? Welfare theories can … predict either a positive or a negative impact of income inequality on subjective well-being and empirical research has found …

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 …

-class squeeze.' Median wealth grew briskly in the late 1990s. It grew even faster in the aughts, while the inequality of net worth … prices, indicate that median wealth plunged by 36 percent and there was a fairly steep rise in wealth inequality, with the …-type assets generally remained as high in 2007 as during the previous two decades. The racial and ethnic disparity in wealth …

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 …

This paper investigates the association between greater income inequality, de-facto fiscal space, and sovereign spreads …. Using data from 50 countries in 2007, in 2009 and in 2011, we find that higher income inequality is associated with a lower … large: an increase in the Gini coefficient of inequality by 1 (in a scale of 0-100), is associated in 2011 with a lower tax …

This note investigates the impact of greater income inequality on the tax base, on the defacto fiscal space, and the … sovereign spreads. Using data from 50 countries in 2005 and in 2010, we find that higher income inequality is associated with a … large: a one standard deviation increase of inequality is associated with a lower tax base of 28 % GDP, and with a higher …

, income from wealth, and household production. We analyze trends in LIMEW from 1959 to 2004, and find that median LIMEW grew … 1982, and much faster than MI from 1982 to 2004. In 2004, measured inequality was lower in LIMEW than MI (a difference of 5 ….5 Gini points); similarly, the increase in inequality between 1959 and 2004 was higher in MI than LIMEW (6.2 versus 5.1 Gini …