visibility in the deprivation of goods and assets vis-à-vis income behind perceptions of relative deprivation. We rely on … that of deprivation in income. The effect is robust under various sensitivity checks and for a number of controls. The … relative economic situation and proposes that future research should not solely rely on income-based deprivation measures. …

for wealth inequality and welfare. We employ a frictionless two-sectoral macroeconomic model with a housing sector to … investigate the dynamics of wealth inequality and the determinants of welfare. Households have non-homothetic preferences … inequality by about 0.7 percentage points (measured by top 10 percent share). Average welfare increases by about 0.5 percent …

for wealth inequality and welfare. We employ a frictionless two-sectoral macroeconomic model with a housing sector to … investigate the dynamics of wealth inequality and the determinants of welfare. Households have non-homothetic preferences … by 0.7 percentage points (measured by the top 10 percent share). Average welfare increases by 0.5 percent. The household …