consumption expenditure (e.g., education, defense, and the general legal and administrative infrastructure). Because of data … some of the collective consumption expenditure is actually distributed. We focus on public spending on education, which … makes up about 5% of national income in most OECD countries. We find that, in Germany at least, education spending tends to …

The effects of inequality on economic growth depend on several factors. On one hand, they depend on the time horizon … considered, on the initial level of income and on its initial distribution. But, on the other hand, as growth and inequality are … rates, this work analyzes how increasing inequality and increasing agglomeration influence economic growth depending on the …

inequality. Simulations show that inequality generally builds up fast even if players have equal starting conditions and house … prices are stable; rising house prices imply more extreme inequality. An extension of the classical game with interest rates … inequality by more than high interest rates. The simulations also demonstrate a first-mover advantage both within a generation …

and sanitation. Building on previous evidence on urban concentration and economic growth, in this paper we analyse … urban environment - in particular the quality of urban infrastructure - strongly determine the growth-enhancing benefits of … urban concentration (something that previous studies on urban concentration and economic growth have not considered …

that while economic development is advancing (expressed by the income per capita growth), on long run there is a general … growth rate, by using the Lorenz curve model and its derived Gini coefficients or variation coefficient, our study shows for …

The inheritance tax is often seen as an effective tool to reduce wealth inequality, to raise public budgets if needed … tool for fighting wealth inequality without having distorting effects for the economy. For this purpose, the distributional …

The article is concerned with understanding the impact of social preferences and wealth inequality on aggregate … microeconomic level and how these in turn translate into macroeconomic outcomes. Increasing the workers' sensitivity to inequality … wealth differences raise aggregate profit and output but entail distributional utility losses and increased inequality …

, behavioral responses to longevity and policy complicate analysis of possible reforms. Here we consider how some pension reforms …