main patterns of inequality, between and within the social groupings. We find that the effects of peer pressure on within …-group inequality differ between groups. We also find that wealth and consumption inequality increase within groups who aspire to match … social targets from a higher class, despite a reduction in within-group inequality in hours and earnings. …

This paper analyzes the impact of fiscal federalism on income inequality and redistribution. Theoretically … consider the interdependence of decentralization and fragmentation as inequality decreasing effects of decentralization are …

While standard political economy theories suggest a moderating effect of democratization on income inequality … first, that prevailing ideology may be an important determinant of inequality and, second, that the democratization effect … income groups, hence democratization may have only a negligible effect on inequality. On the other hand, in societies where …

We investigate how income inequality affects social welfare in a model of voluntary contributions to multiple pure … voluntarily supplied public goods; specifically, we show that not only an income inequality-raising redistribution policy but also … allowed, an inequality-raising redistribution policy is no longer effective and leaves social welfare unchanged. …

Rising income inequality since the 1980s in the United States has generated a substantial increase in saving by the top …

a two-agent overlapping-generations model, we find that recent trends in income inequality and financial liberalization … those reducing the structural sources of high inequality. …

This paper studies the secular increase in U.S. household debt and its relation to growing income inequality and …

large enough to alter the inequality ranking of numerous countries. The average inflation effect we detect is almost as …