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 …

income, and popular perceptions of the poor. The model shows in particular how complementarities arise endogenously between …

changes in the income hierarchy affect the choice of the tax rate in the current period. The same is true for social mobility …

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 …

Acemoglu, Johnson, Robinson and Yared (2008) document that the cross-country correlation between income per capita and … democracy disappears once including country fixed effects. This paper tests the hypothesis that the effect of income on … democracy might differ systematically across countries. A replication of the estimation in a less restrictive empirical …

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 …