incomes and drives the emergence of development traps. In particular, an increase in mean income and a reduction of inequality …

This paper discusses the links between earnings, consumption and economic welfare inequality. It places emphasis on the … role of leisure and labor supply in the assessment of cross-household inequality and argues that the documented increase of … such inequality has its origin in the labor market. It only serves as an introductory work and, as such, it attempts to …

How much does inequality in life depend on conditions established at age 18? What role does post-18 higher education … inequality. My model finds that family wealth at age 18 explains up to 15% of lifetime earnings inequalities, and human capital … inequality and improve welfare. …

How does inequality motivate people and at what cost? We develop a model of perpetual youth with heterogeneous upward … survival depends on health capital produced from time investment and health goods. Higher fundamental inequality, working … inequality worsen because the poor have less capacity to respond. By diverting resources from health production, aspirations also …