High levels of economic inequality may lead to lower economic growth and can have negative social and political impacts … significantly more than previously suggested. Currently, the average Gini index (a common measure) of inequality in Eastern Europe … is about 3 percentage points higher than in the rest of Europe. This rise in inequality was initially driven by …

This paper looks at the links between inequality of opportunity and views about the underlying processes that support … economic success or failure. Unlike income inequality, inequality of opportunity isolates the extent to which inequality in … circumstances beyond an individual's control influences inequality of outcomes. Disparity in outcomes due to exogenous circumstances …

, as well as the use of distributional approxima-tions. For non-separable inequality measures we derive specific formulas …

profitable for the rich than the poor, inequality increases. The model is calibrated to illustrate polarization and increasing … inequality in early modern Europe, starting from a continuous pre-industrial wealth distribution. During the early … industrializing period, when labor markets operate and capital markets do not, inequality increases and a distinct working class …

This paper studies the determinants of inequality in an infnitehorizon general equilibrium model. Missing capital … markets, lead to two-peaked wealth distributions and high inequality. The precautionary savings, affected by the level of …