level of interest rate but is more inequality reducing. By taking into account different assets returns and unequal access … to them, we find that the PAYG pension system generates lower level of interest rate and increases wealth inequality. By … using Matsuyama's (2000) technology that generates dynamic endogenous inequality, we represent the bequest and saving …

over the period 1967-1996. We then use the estimated parameter values to decompose inequality in all variables of interest …

moments of the data over the lifecycle. The key challenge for the model is to generate declining inequality in annual hours … observed cross-sectional inequality in labor supply and consumption and may have quantitative relevance for analyses that …

inequality increased. We introduce new ways of approximating the effects of international flows and find that the recent increase … in Swedish wealth inequality is likely to be larger than what official estimates suggest. …

The theme of the relationship between inequality and economic growth has gained considerable attention among economists … over the last two decades. In this paper, we analyse the effect of inequality on growth, whose related literature has been … the inequality-growth relationship, but also to achieve a better understanding of the nature of this relationship and the …

inequality increased. We introduce new ways of approximating the effects of international flows and find that the recent increase … in Swedish wealth inequality is likely to be larger than what official estimates suggest. …