's response to shocks and for the dynamics of inequality. We introduce occupational mobility, through a random choice model with … specialization of the production function. The model matches well the statistics on income and wealth inequality, and the patterns of … task encroaching on income and wealth inequality. We apply the model to the pandemic recession by adding an SIR block with …

We study how technological change affects between‐ and within‐education‐group inequality in the United States. We … main driver of the increase in between‐ and within‐group inequality. Technological change in firm productivity, in the form … of higher firm productivity dispersion, plays a less important role in explaining rising inequality, except for the …

A vast literature aimed at understanding the nature and causes of wage inequality focuses on the skill premium as a key …, the between-skill-group component of inequality may fall even as the skill premium rises - a pattern that is indeed … therefore not always useful in terms of understanding why broad inequality measures are changing. …

This paper analyses the relationship between wage inequality and labour market development. Relevant economic theories … are ambiguous, just as public debates. We measure the effects of wage inequality, skill-biased and skill …-recursive long-runrestrictions.Results show that skill-biased technology shocks reduce hours worked but increase inequality …