We review the literature on the links between inequality, growth and welfare. Three questions are addressed: 1) What is … the impact of growth and development on inequality? 2) What is the impact of inequality on growth, development and welfare …? 3) What is the impact of proequality public policies upon growth and welfare? As regards the first question, the …

nominal interest rates. Coordination of fiscal policies does not always lead to the best welfare effects. It depends on the …

nominal interest rates. Coordination of fiscal policies does not always lead to the best welfare effects. It depends on the …

income inequality in a society. However, can such a transfer reduce the welfare of the society? We show that a rich …-to-poor transfer can induce a response in the individuals' behaviors which actually exacerbates, rather than reduces, income inequality … as measured by the Gini index. We use this result as an input in assessing the social welfare consequence of the transfer …

social planner's aversion to inequality, embedded in an isoelastic social welfare function indexed by a parameter alpha, or … distribution of incomes maximizes social welfare regardless of the magnitude of alpha. …

social planner's aversion to inequality, embedded in an isoelastic social welfare function indexed by a parameter alpha, or … distribution of incomes maximizes social welfare regardless of the magnitude of alpha. …

end, I develop a theory of entrepreneurship that mimics key facts on the wealth and income distribution in Spain. I find … threshold level. I find that this reform reduces the inequality in after-tax income, wealth, and consumption. However, it …. While this reform does not reduce long-run output, it does not decrease household inequality. All in all, the desirability …