economic outcomes such as income growth, poverty and inequality indicators. Our analysis is based on microsimulations for eight … poverty and inequality. …

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 …

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

inequality. In doing so we provide a novel method for clustering occupations into local labor markets. Our main exercise … quantifies the contribution of each channel to income inequality and wage markdowns. The average markdown is 21 percent in our … wage inequality and increases welfare. …

-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 …

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