economies: Argentina, Brazil, Colombia, and Mexico. We show that the short-term impact on income inequality and poverty can be …

intergenerational correlations in education, especially in Latin America. A simultaneous equations model is applied to rich survey data … education affects the schooling outcome directly but also indirectly through the economic situation, which is particularly true …

net worth overstate welfare inequality. This is largely due to the unaccounted value of future earnings, which we call … consumption, as well as uncertainty and demographic composition. Rising inequality has offset about 1/4 of the welfare gains from … human wealth. The latter mitigates permanent‐income inequality, though its influence is diminished by the growing importance …

the vast majority of countries. Third, in many countries with low levels of education for both men and women in 1960 … better. Fourth, gender gaps rarely persist in countries where boys attain high levels of education. Most countries with large … education than men in some regions of the world. Although gender gaps in educational attainment are diminishing in most …

-term growth and welfare in a currency union that faces fiscal rule constraints and inequality. To address this ongoing government …, inequality, and welfare depends on the type of fiscal policy adopted by government to fund it, notably the trade-off between … completely eliminating oil subsidies appears to be the best policy for reducing inequality while increasing growth and welfare …

On the presumption that poorer people tend to work less, it is often claimed that standard measures of inequality and … horizontal inequality. Using equivalent incomes to adjust for effort can reveal either higher or lower inequality depending on …

lives. The return to education varies greatly by institutional quality, discipline, and individual characteristics …