countries wealth affects life satisfaction more than income. In the countries for which consumption data are available (Britain …, results from panel regression fixed effects models indicate that changes in wealth, income and consumption all produce … and Hungary), non-durable consumption expenditures also prove at least as important to happiness as income. Further …

Monitoring Survey (RLMS) for 1994-2005. We analyze cross-sectional income and consumption inequality and find that inequality … shocks. The response of consumption to permanent and transitory income shocks becomes weaker later in the sample, consistent … decreased during the 2000-2005 economic recovery. The decrease appears to be driven by falling volatility of transitory income …

a market for cloning arises if a large enough fraction of the clone?s income can be appropriated by its model. Only … people with the highest ability are cloned, while people at the bottom of the distribution of income specialize in surrogacy …. In the short run, cloning reduces inequality. In the long run, it creates a perfectly egalitarian society where all …

induced changes in equality may be considerable in size. In practice, however, migrants typically improve their income …

We investigate the effects of inequality in wealth on the incentives to contribute to a public good when agents are … generated by purely selfish agents. But introducing inequality motivates more productive agents to exert higher efforts and help … disadvantageous inequality. Moreover, the more inequity averse the agents, the more inequality should be imposed even by an …

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

Conventional wisdom about the relationship between income distribution and economic development has been subjected to … dramatic transformations in the past century. While classical economists advanced the hypothesis that inequality is beneficial … for growth, the neoclassical paradigm dismissed the classical hypothesis and suggested that income distribution has …

as well off as he could be by undertaking inter-period income transfers. There is long-term ex-post inequality of …In this paper, we introduce and apply a general framework for evaluating long-term income distributions according to …-post approach relies on a permanent income measure defined as the minimum annual expenditure an individual would need in order to be …

inequality in the US and provide a basis for weighing the relative decline in earnings and consumption for the less educated …