whether or not these risks have increased since the 1970s. An important difficulty stems from the fact that inequality often … disentangle. I also discuss applications of incomplete markets models to trends in wealth, consumption, and earnings inequality …

participation. I show that this large wealth inequality is also important for the model's ability to generate a countercyclical …

inequality seen in tax data since the 1970s markedly, highlighting the need to move beyond tax data to capture income and wealth …

increase in both the wealth income ratio and wealth inequality. One model focuses on certain locations as being positional good … returns on land (including capital gains) can lead to higher incomes and less inequality.We show the links between the … of monetary policy may increase inequality.Given the large amount of life cycle savings, the traditional division of …

life cycle savings are increased. On both accounts, wealth inequality is reduced. Thus, consistent with Henry George …'s views, a tax on the returns on land, including capital gains, reduces inequality with no adverse effect on national income …

or less unequal distributions), identifies the factors that may have contributed to the observed increase in inequality …, and provides explicit expressions for the level of tail-inequality in terms of the underlying parameters of the economy … and policy variables. Among the key results are: (i) The magnitude of wealth inequality does not, in general depend on the …

in detail and relate them to changes in inequality …

statistical distribution theory as a link between the earnings function and the earnings distribution …