-tax reforms using a model economy that replicates the U.S. distributions of earnings, income and wealth in very much detail. We … of after-tax income. In contrast, the more progressive reform brings about a -2.6% reduction in steady state output and a … distribution of after-tax income that is more egalitarian. We also find that in the less progressive flat-tax economy aggregate …

We explore the relationship between import protection and the household distribution of income. We first develop a … general-equilibrium mapping from tariffs to household inequality measures. This also yields predictions for linkages between … tariffs, development level, and observed household inequality. Working with a new dataset, we then examine cross …

How do aggregate wealth-to-income ratios evolve in the long run and why? We address this question using 1970 … able to extend our analysis as far back as 1700. We find in every country a gradual rise of wealth-income ratios in recent … growth, in line with the β=s/g Harrod-Domar-Solow formula. That is, for a given net saving rate s= 10%, the long run wealth-income …

inheritance. Wealth-income ratios, inherited wealth, and wealth inequalities were high in the 18th-19th centuries up untilWorldWar …-of-tax rate of return on wealth and g is the economy's growth rate. This suggests that current trends toward rising wealth-income … ratios and wealth inequality might continue during the 21st century, both because of the slowdown of population and …

cycle, of several dimensions of economic inequality, including wages, labor earnings, income, consumption, and wealth. After … and the cyclical fluctuations in income inequality. The rise in income inequality was stronger at the bottom of the … distribution. Consumption inequality increased less than disposable income inequality, and tracked the latter much more closely at …

rise in income inequality. Poverty has increased sharply with an estimated 18.5% of the population on incomes below the … the population have gained under the reforms, average real household per capita income has declined significantly with … households at the lower end of the income distribution suffering the greatest fall. Consequently there has been a substantial …

inequality in education and income more persistent across generations. Whether the same is true of inequality in total wealth …, which provides an integrated framework for analysing the local determinants of inequality and growth. Five main conclusions … emerge. First, minor differences in education technologies, preferences, or wealth, can lead to a high degree of …

children, may move up the income ladder. This ‘Prospect of Upward Mobility’ (POUM) hypothesis is commonly advanced to explain …. There is a range of incomes below average where agents oppose lasting redistributions, provided tomorrow’s expected income … is increasing and concave in today’s income. The laissez-faire coalition is larger the more concave the transition …

If redistribution is distortionary, and if the income of skilled workers is due to knowledge-intensive activities and … depends positively on intellectual property, a social planner which cares about income distribution may in principle want to …