The persistent correlations between income and mortality, and inequality and mortality in the US is well established. It has been demonstrated with various empirical models at different levels of analysis. However, there is no consensus on the relevant confounding factors or even the functional...

How much does inequality matter for the business cycle and vice versa? Using a Bayesian likelihood approach, we estimate a heterogeneous-agent New-Keynesian (HANK) model with incomplete markets and portfolio choice between liquid and illiquid assets. The model enlarges the set of shocks and...

This paper employs Bayesian model averaging (BMA) and uses posterior inclusion probability (PIP) values to evaluate which financial inclusion indicators, dimensions, and other determinants of income inequality should be considered in an empirical specification assessing the relationship between...

This paper examines multidimensional stochastic dominance when one of the indicators of well-being, such as household size or place of residence, is qualitative. It also uses a test for strict dominance based on the empirical likelihood ratio. Empirical applications are based on the DHS...

This paper investigates the dynamic effects of tax changes on the cross-sectional distribution of disposable income in the United States using a narrative identification approach. I distinguish between changes in personal and corporate income taxes and quantify the distributional effects on...

We conduct an interdisciplinary meta-analysis to aggregate the knowledge from empirical estimates of inequality aversion reported from 1999 to 2022. In particular, we examine 85 estimates of disadvantageous inequality aversion (or envy) and advantageous inequality aversion (or guilt) from 26...

In advanced economies, rising inequality has become a significant economic issue. Our paper examines one dimension of the impact of inequality. This study employs panel estimators that tackle heterogeneity and cross-sectional dependence to estimate the impact of income inequality on import...

In this update to an earlier analysis using BMA, I consider both a wider variety and some recoded plausible controls that might affect the observed relationship between income and mortality, and inequality and mortality. I also suggest that the much of the empirical investigation of inequality...

We use archaeological data on house sizes to generate estimates for economic inequality and economic growth from near the beginning of the Holocene to about the first millennium AD. At worldwide scales these variables are positively related, but patterns are more divergent at regional levels....