The nexus between debt and inequality has attracted considerable scholarly attention in the wake of the global financial crisis. One prominent candidate to explain the striking co-evolution of income inequality and private debt in this period has been the theory of upward-looking consumption...

With the advent of platform economies and the increasing availability of online price comparisons, many empirical markets now select on relative rather than absolute performance. This feature might give rise to the 'winner takes all/most' phenomenon, where tiny initial productivity differences...

The nexus between debt and inequality has attracted considerable scholarly attention in the wake of the global financial crisis. One prominent candidate to explain the striking co-evolution of income inequality and private debt in this period has been the theory of upward-looking consumption...

Die öffentliche Wahrnehmung von ökonomischer Ungleichheit ist oft stark verzerrt. Solche Fehlwahrnehmungen haben weitreichende Folgen für verschiedenste ökonomische Fragen und beeinflussen das subjektive Wohlbefinden, Umverteilungspräferenzen sowie Wahl- und Konsumverhalten. Wir schlagen...

This paper examines the puzzle of why economic inequality has not resulted in political countermeasures to mitigate it, and proposes that the reason is due to misperceptions of economic inequality caused by segregation in social networks. We model taxation and voting behavior with an exponential...

We study the effects of overlapping identities on wage gaps, focusing on the intersectional effects of gender and race in the US. The extant theoretical and empirical literature argues that this overlap should cause intersectional discrimination, i.e., multiply marginalised groups suffer from a...

Underreporting and undersampling biases in top tail wealth, although widely acknowledged, have not been statistically quantified so far, essentially because they are not readily observable. Here we exploit the functional form of power law-like regimes in top tail wealth to derive analytical...

We document two novel stylized facts on European integration and cohesion. First, we show that the interregional income distribution, measured as GDP per capita at the NUTS-3 level, is bimodal for all considered years. Second, we demonstrate that this mixture of two log-normal distributions...