Marriage is one of the most important determinants of economic prosperity, yet most existing theories of inequality … ignore the role of the family. This paper documents that the cross-sectional distributions of earnings and wealth display a … high degree of concentration, even when disaggregated into single and married households. At the same time, there is a …

Recent studies of economic inequality almost always separately examine income, consumption, and wealth inequality and … of Income Dynamics data from 1999 through 2013, we examine whether these changes are more dramatic at higher or lower … levels of wealth and find that the marginal propensity to consume is lower at higher wealth quintiles. This suggests that low …

Many countries in the Western hemisphere are currently experiencing a backlash against globalization. Most of the … drivers of the backlash. Doing so, the discussion has primarily revolved around the question whether and to what extend the … that income inequality is perceived very differently depending on openness to trade. The relevance of perceptions has wider …