We construct two new large-scale datasets to measure relative and upward educational mobility by sex, race, class, and childhood county of residence for cohorts born in 1910-1919 and 1982-1997. We show that both relative and upward educational mobility rose over the 20th century, with...

A new generation of policies can trace the path from wealth to inclusion. Building on its urban and youthful population, Equatorial Guinea can shift from a model of extraction to one of prosperity. This report—the World Bank's first Poverty and Equity Assessment for Equatorial...

This paper develops a tractable framework in which heterogeneity, captured by the distribution of agent characteristics within an alternative (sector, location, or occupation), emerges endogenously in equilibrium through selection rather than being imposed exogenously. I show that widely used...

This paper examines how income inequality affects environmental outcomes through the interplay of household consumption and political support for climate policy. We develop an agent-based model in which households differ by income, consumption patterns, and climate policy attitudes. Our results...

Time poverty is a key yet conceptually contested dimension of household living standards. Both univariate and bivariate measures remain debated because there is no clear consensus on how to define and quantify socially necessary unpaid work, the time that money cannot substitute for, across...

Is income inequality in the United States primarily driven by disparities between ethnic groups or within them? The evidence reveals a striking pattern: 96% of U.S. income inequality arises from variation within groups sharing common ancestral origins, far overshadowing the comparatively small...

Using unique administrative data that link privately held firm owners to rich background information, we provide novel evidence on underage children as firm owners. Ownership occurs at all ages 0--17, with a mean age of 12. Childhood ownership is strongly concentrated among high-income families,...

This paper provides a methodological contribution to the study of historical income inequality by examining the construction and use of social tables for the nineteenth century. In a period when modern household surveys were absent, social tables represent one of the only feasible approaches for...

We provide new evidence on the effects of fiscal consolidation measures on output, unemployment, income inequality and consumer price inflation. To identify causal impacts, we use a narrative-based instrumental variable strategy drawing on historical records of exogenous fiscal changes motivated...

We study how individuals' views on current and future levels of income inequality change during periods of expansionary fiscal policy. In a randomized controlled trial (RCT), we provide information on fiscal expansion to a representative sample of the German population. Our findings reveal that...

Understanding poverty and well-being requires moving beyond income-based measures to account for how work and time are organized within households. While income and unpaid work sustain household living standards, in combination with leisure they determine how these standards are produced and...

The continuous expansion of income disparities poses serious threats to sustainable socioeconomic development. Concurrently, as a key driver of technological advancement, the influence of innovation on shaping income inequality trends has been extensively debated. This study employs panel...

In this paper, we present the empirical methodology used to estimate the Levy Institute Measure of Time and Income Poverty (LIMTIP) for the United States over the period 2007-2022. We provide a step-by-step account of the statistical matching procedure employed to construct a synthetic dataset...

How do systemic modes of discrimination-such as a caste system, or racial bias-impact the transmission of intergenerational opportunities in a developing country? What are the mechanisms by which discriminatory norms in labour and marriage markets affect such opportunities? How could we measure...

Integrating administrative data from the civil registry, social security, and national censuses, we provide novel evidence on intergenerational income mobility and equality of opportunity among 514,890 formal workers in Ecuador. Our results show substantial intergenerational mobility (rank-rank...

Using data from the German Socio-Economic Panel, we provide a comprehensive investigation of the relationship between workplace co-determination in the form of works councils and income satisfaction. Controlling for a wide range of individual, job-related, and firm-level characteristics in OLS...

Abstract We study life expectancy inequality in a Mirrleesian life-cycle framework. Life expectancy shapes the efficiency dimension of redistribution via the pension wedge. Moreover, cost- and preference-based channels arising from the income-lifespan gradient reduce the mechanical value of...

Why did enduring socio-economic inequality emerge between the 4th and 3rd millennium BCE, after millennia of substantial egalitarianism? We test the hypothesis of inequality being a by-product of state formation in an archeological panel covering Southern Iraq between 3900 and 1900 BCE. We...

We characterize optimal climate policy in an economy with heterogeneous households and non-homothetic preferences. We focus on constrained efficiency, where the planner is restricted from transferring resources across households. We derive three results. First, the constrained-optimal carbon tax...

This paper provides a methodological contribution to the study of historical income inequality by examining the construction and use of social tables for the nineteenth century. In a period when modern household surveys were absent, social tables represent one of the only feasible approaches for...

This paper investigates the interplay between distributive conflict, wage dynamics, and persistent unemployment within a Kaleckian framework, emphasizing the long-memory properties of wages. We develop a stochastic model in which wages adjust adaptively to cumulative historical discrepancies...