We study how income inequality affects the social value of a dynamic public good, such as natural capital. Our theory shows that both intra- and intertemporal inequality affect the social value of public natural capital. The direction and size of the effects are driven by the degree of...

This paper empirically investigates the effect of genetic diversity on income inequality in a large cross-section of countries. Previous studies demonstrated that ethnic, linguistic and religious fractionalization have significant impact on economic performance measures, but the effect will...