level of interest rate but is more inequality reducing. By taking into account different assets returns and unequal access … to them, we find that the PAYG pension system generates lower level of interest rate and increases wealth inequality. By … using Matsuyama's (2000) technology that generates dynamic endogenous inequality, we represent the bequest and saving …

over the period 1967-1996. We then use the estimated parameter values to decompose inequality in all variables of interest …

moments of the data over the lifecycle. The key challenge for the model is to generate declining inequality in annual hours … observed cross-sectional inequality in labor supply and consumption and may have quantitative relevance for analyses that …

All popular schools lack a consistent profit theory. Economists have no true conception of the most important … distribution are wrong by logical implication. If the conclusions of a theory do not find any counterpart in reality the fault lies … in the premises. In order to rectify distribution theory it is necessary to substitute the conventional subjective …

economic factors on inequality in the long run, we use the concept of an equilibrium distribution. However the long …

outcomes. It finds that while poverty has fallen across the region over the last two decades, inequality has increased …

inequality increased. We introduce new ways of approximating the effects of international flows and find that the recent increase … in Swedish wealth inequality is likely to be larger than what official estimates suggest. …