We develop a quantitative framework in which income inequality arises endogenously in response to productivity shocks … inequality and welfare up to first- and second order. Inequality arises in equilibrium due to a combination of changes in income …-improving policies can have strong effects on both welfare and inequality, but the impact is both quantitatively and qualitatively …

In this paper we explore the reasons for the trend reversal in the development of household market income inequality in … rising share of atypically employed persons have affected the development of income inequality over the last two decades. We … income forms to overall inequality. Our results suggest that changes in the distribution of capital income were a key factor …

In this paper we explore the reasons for the trend reversal in the development of household market income inequality in … rising share of atypically employed persons have affected the development of income inequality over the last two decades. We … income forms to overall inequality. Our results suggest that changes in the distribution of capital income were a key factor …

distribution of personal incomes. -- income inequality ; labour share ; trade unions … of the above three variables. Labour market institutions hence affect income inequality, though the sign of their impact … is ambiguous. Stronger unions and/or a more generous unemployment benefit tend to reduce inequality through reduced wage …

In this paper we explore the reasons for the trend reversal in the development of household market income inequality in … rising share of atypically employed persons have affected the development of income inequality over the last two decades. We … income forms to overall inequality. Our results suggest that changes in the distribution of capital income were a key factor …