The paper investigates how including the distribution of wealth changes the demand effects of redistributing functional income. It develops a model with an endogenous wealth distribution and shows that the endogenous rise in wealth inequality resulting from a redistribution towards profits...

In this paper, the method of deriving the parameter ε of inequality aversion from a parametric distribution of incomes is proposed. It is assumed that a social decision-maker appraises welfare in income distributions by means of the constant inequality aversion utility function and that incomes...

The study investigates disparities in social development in 144 countries worldwide. In the paper we aim to investigate cross-country differences in social development level in year 2011, as well as to estimate inequalities on the field. Secondly, we assess relative social development level...

In this paper, the world distribution of personal incomes (WDPI) is estimated using a global sample comprising country sample clones. A clone is a random sample that reproduces – with predetermined high probability and precision – an unknown survey sample using information that is 'encoded'...

It is widely argued that ICTs enable the inclusion of low-skilled and traditionally marginalized groups, such as women, people with disabilities, and workers at the base of the pyramid (BoP), in the labor market. In this paper, we investigate the determinants of female participation in the labor...

This paper computes asset-based inequality for 44 African countries in multiple waves using over a million household histories to study inequality between and within countries. It decomposed within country inequality into components deemed to represent opportunities and those attributed to...

We present a model based on Keynesian aggregate demand and labor productivity growth to study how climate damage affects the long-run evolution of the economy. Climate change induced by greenhouse gas lowers profitability, reducing investment and cutting output in the short and long runs....