This paper argues that an increase in the inequality of wealth prompts a stronger quest for status that in turn fosters … coefficient of wealth inequality. Hence the Gini coefficient and growth are positively correlated, holding the population’s wealth …

inequality. In contrast to the conventional wisdom that the financing of additional expenditures by debt rather than taxes …-of-thumb consumers. We demonstrate that an unexpected increase in government spending increases income inequality and decreases wealth … especially burdens young generations, we find that a debt-financed increase in government spending also harms Ricardian …

possibly unsustainable levels of debt. Our main findings can be summarised as follows: for both, creditor friendly and debtor … to lower levels of GDP. Comparing the two regimes, we observe a higher number of defaults and higher aggregate debt under … pro-debtor laws given the same starting values for the distribution of income. While debt-financed consumption leads to …

While most studies on wealth inequality focus on the inequality between households, this paper examines the …

economies. These models allow to develop a qualitative theory, which is based on methods borrowed from the kinetic theory of …

This paper argues that an increase in the inequality of wealth prompts a stronger quest for status that in turn fosters … coefficient of wealth inequality. Hence the Gini coefficient and growth are positively correlated, holding the population's wealth …

two dimensions implied by the dataset results in a severe wealth inequality. The model can explain 90% of the rise in top … investment opportunities reduce wealth inequality, of which each may offset up to half of the effect of entrepreneurship …

-income ratio. In Capital in the XXI Century, Thomas Piketty's argument is that the r > g inequality determines an increase in the … Classical-Marxian theory of induced technical change. In a simple model of ‘capitalists' and ‘workers,' we show that …