The literature on inequality among economies has focused on analysing the dispersion of indicators such as annual per capita income. This paper adopts a different approach, as it considers the life cycle dimensionof inequality, life expectancy and whether annual per capita income can be expected...

Consumption requires time (consumption and time are complements of each other). In addition higherquality goods provide more utility per unit of time allocated to consumption, though at a higher monetary cost. Since time is limited, higher income is decreasingly spent augmenting the number of...

Recent research point out that higher education has no significant effect upon economic growth. However, the data of many countries show a substantial increase in the salary prize of going to university. Most of the explanations argue that the increase in salary relative to universities is due...

In this working paper we analyze the effects of the expansions of the European Union on inequality using an approach based on individuals lifecycle incomes. Such an approach allows us to consider the effect of different national growth and survival rates on inequality. It differs from the usual...