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-of-thumb consumers. We demonstrate that an unexpected increase in government spending increases income inequality and decreases wealth … inequality. In contrast to the conventional wisdom that the financing of additional expenditures by debt rather than taxes …
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capital and the evolution of intragenerational income inequality. This analysis enables us in turn to characterize the effects …
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Despite the increase in female labor force participation over the past three decades, women still do not have the same opportunities as men to participate in economic activities in most countries. The average female labor force participation rate across countries is still 20 percentage points...
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. We also analyze the impact of basic education subsidies and college subsidies on welfare, inequality, and …
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