This paper investigates the long-run nexus between wealth inequality and aggregate output using a DSGE model in which wealth inequality endogenously affects individual entrepreneurship incentives, thereby influencing aggregate output. Our model passes the indirect inference test against the UK...

We provide evidence for a new propagation mechanism of wealth inequality and mobility. Using unique administrative data and a quasi-field experiment of exogenous assignment, we find that educated entrants, faced with greater local wealth inequality and salient cases of wealth mobility, take...

The European Union has improved living standards, yet welfare disparities persist across regions, countries, and demographic groups. This paper uses data from European Union Statistics on Income and Living Conditions cross-sectional and longitudinal surveys and the at-risk-of-poverty or social...

Power law distributions are ubiquitous in socioeconomic contexts. While their general properties are well understood, it is often less clear why they regularly appear in empirical data. What are the generative mechanisms leading to power laws, how do they arise in the real world? This paper aims...

Die Dekade 2010 bis 2019 war ein Jahrzehnt mit starkem Wirtschaftswachstum: Löhne und Gehälter stiegen deutlich an, Erwerbslosigkeit sank auf ein sehr niedriges Niveau. Gleichzeitig lässt in diesem Zeitraum die Umverteilungskraft des Steuerund Transfersystems deutlich nach. Die hohe...

Sudden and unforeseen events, notably the COVID-19 pandemic has underscored and exacerbated pre-existing urban inequalities. These disruptions have disproportionately affected the most vulnerable sectors of society, thereby further aggravating existing inequalities. Addressing these inequality...

Die Dekade 2010 bis 2019 war ein Jahrzehnt mit starkem Wirtschaftswachstum: Löhne und Gehälter stiegen deutlich an, Erwerbslosigkeit sank auf ein sehr niedriges Niveau. Gleichzeitig lässt in diesem Zeitraum die Umverteilungskraft des Steuerund Transfersystems deutlich nach. Die hohe...

Global income inequality captures income differences among all individuals around the world. Global inequality around the world increased from 1820 to 1990 as incomes in richer countries grew faster than incomes in relatively poorer countries. However, these trends were reversed over the three...

This paper assumes two kinds of social planners who evaluate income distributions concerning social welfare, economic inequality and poverty. The first kind of social planner, SPε , comprises averters to income inequality as measured by the normative parameter ε. The second kind of social...

Climate change and economic inequality are two critical and interlinked global challenges. The feasibility of jointly reducing greenhouse gas emissions and inequality has often been questioned. Here, we aim to test whether a properly designed mix of progressive and environmental fiscal policies...

Since intra-household resource distribution is unobserved, it is difficult to compare how women and children fare across countries. To address this, we analyze 45 household expenditure surveys from predominantly low- and middle-income countries, i.e. an international sample of around 2.4 million...

Latent feelings of economic vulnerability and social stagnation may have catalyzed the unprecedented uprisings that shook Latin America and other parts of the world in 2018-2019. We document this process in the context of Chile, leveraging survey data on protest participation and its potential...

Past trauma resulting from personal life shocks, especially during periods of particular volatility, such as regime transition (or regime change), can give rise to significant long-lasting effects on people's health and well-being. We study this question by drawing on longitudinal and...

Knowledge of the factors driving people's views on redistribution in the Global South remains limited. While these societies occupy top positions in inequality rankings, redistribution levels tend to be lower. We combine survey and experimental data from Mozambique and Viet Nam to test whether...

Power law distributions are ubiquitous in socioeconomic contexts. While their general properties are well understood, it is often less clear why they regularly appear in empirical data. What are the generative mechanisms leading to power laws, how do they arise in the real world? This paper aims...

We document a significant effect of visible inequality on household spending in the United States from 2010 to 2018, but we do not find a comparable effect before the Great Recession. Our proposed definition of visible inequality refers to differences across households in their expenditures on...

This paper analyses the relationship between financial inclusion and the economic and social development in Mexico. For this quantitative research, a study sample composed by 448 observations during the 2007-2020 was analyzed using fixed effect estimations with instrumental variables 2SLS....