A formula is derived for the social cost of carbon (SCC) that takes account of intragenerational income inequality and … intergenerational inequality aversion and for risk aversion. If growth increases (reduces) intra-generational inequality, the SDR is … lower (higher) and the SCC higher (lower) than along an inequality-neutral growth path, especially if intra-generational and …

This paper examines how income inequality can affect the polarization of heterogeneous party platforms on climate … distributional implications) and an income tax is combined with a model of a carbonintensive economy. For a higher inequality of pre … equilibrium can increase - even if the income tax is used to counteract the increase in income inequality. This result does not …

Since Aristotle, a vast literature has suggested that economic inequality has important political consequences. Higher … inequality is thought to increase demand for government income redistribution in democracies and to discourage democratization … how high inequality is, how it has been changing, and where they fit in the income distribution. Using a variety of large …

In recent years there has been a growing interest in the impact of inequality on economic growth. Both theoretical and … part of the literature that considers inequality detrimental to growth, more recent studies have challenged this result and … found a positive effect of inequality on growth. This paper contributes to the debate by using meta-analytical techniques to …

In this paper, we revisit the association between happiness and inequality. We argue that the perceived fairness of the … less in favor of income redistribution. In societies with a high level of actual social mobility, income inequality is … the World Values Survey data and a broad set of fairness measures, we find strong support for the negative (positive …

In this paper, we estimate the recent evolution of global interpersonal inequality and examine the effect of omitted … top incomes on the level and direction of global inequality. We propose a methodology to estimate the truncation point of … individuals in hous6000 unehold surveys generate a downward bias in global inequality estimates that ranges between 15 per cent …