consumption and that the shocks we analyze reduce consumption inequality on impact. …

This paper analyzes the connection between time preference heterogeneity and economic inequality. To achieve this, we … extend the standard neoclassical growth model by introducing three additional features, namely (i) heterogeneity in consumers … income inequality that are very similar to those observed in the United States. …

the observed patterns of wealth and income inequality in the United States. This model generalizes the standard …

This paper presents a dynamic competitive equilibrium model in which heterogeneity in time preferences alone can … generate the observed patterns of wealth and income inequality in the United States. This model generalizes the standard …

We study the effects on inequality of a "Piketty transition" to zero growth. In a model with a worker …-capitalist dichotomy, we show first that the relationship between inequality (measured as a ratio of incomes for the two types) and growth … is complicated; zero growth can raise or lower inequality, depending on parameters. Extending our model to include …

correlate with household net wealth (or income). Bond price increases thus leave net wealth inequality largely unchanged. In … wealth inequality. Housing price increases display a hump shaped pattern over the net wealth distribution, with the poorest … and richest households benefitting least. With regard to the latter finding there exists considerable heterogeneity across …

recovery in the 1930s, especially the New Deal. The role of income inequality before and during the Great Depression, however …, has almost never been discussed thoroughly. This paper attempts to answer two questions. Firstly, was inequality perceived … policy design did take seriously the problem of inequality? Using official documents such as transcripts of Roosevelt …

inequality in household wealth in all 8 countries. …

financial literacy and business ownership for the increase in wealth inequality between college and non-college households. …