by the Ramsey government not only increases aggregate efficiency, but it also decreases inequality. This result is in …

This paper examines the measurement of social welfare, poverty and inequality taking into account reference …-dependence, loss aversion and diminishing sensitivity—aspects emphasized in Prospect Theory—to social welfare measurement. We suggest a … differences between standard poverty and inequality measures based on observed income and measures that are calculated based on …

We examine the determinants of income mobility and inequality in a Ramsey model with elastic labor supply and … relationship between mobility and inequality is complex. For example, a reduction in the interest rate and an increase in the wage … rate reduce capital income inequality and allow upward mobility of the ability-rich. However, the increase in the labor …

save dynastically and middle income households who save for retirement. We find that inequality is reduced the higher the … efficiency and inequality: middle income households’ consumption is maximal at a higher capital tax rate than high income …

The relationship between inequality and redistribution is usually studied under the assumption that the government … expenditure). We show that inequality may have no discernible effect on the size of redistributive programs. …

This paper studies the joint effect of fractionalization and inequality on the size of government. Within a political … fractionalization and group antagonism reduce the support for redistribution. Whereas within group inequality increases support for … redistribution, inequality between groups have the opposite effect. All these results hold even if a poor group is in majority. Using …

pre-tax income inequality. …

dramatic drop in cooperation (and growth), when inequality is increased by a selfserving dictator. No such effect is observed … when the inequality is increased by a fair procedure. Our regression analysis provides basic macroeconomic support for the … adverse growth effect of the interaction between the degree and the genesis of inequality. We conclude that economies giving …