In this article we review recent evidence showing how market forces and policies shape the rate and direction of innovation, with various implications for inequality. First, we characterize several market mechanisms whereby higher rates of innovation lead to higher inequality. Second, we...

We review the effects on the Covid-19 pandemic on inequalities in education, the labour market, household living standards, mental health, and wealth in the UK. The pandemic has pushed up inequalities on several dimensions. School closures particular disrupted the learning of poorer children,...

We estimate the distribution of life cycle wages for cohorts of prime-age men and women in the US. A quantile selection model is used to consistently recover the full distribution of wages accounting for systematic differences in employment, permitting us to construct gender- and...