Does inflation vary across the income distribution? This article reviews the growing literature
on inflation inequality, describing recent advances and opportunities for further research in …

This paper shows that the products and prices offered in markets are correlated with local
income-specific tastes. To quantify the welfare impact of this variation, I calculate local price …

Human capitalists are corporate employees who receive significant equitybased
compensation such as equity grants and stock options. These employees are partial owners …

How are the gains and losses from trade distributed across households? We document that
tradable goods and services constitute a larger fraction of expenditures for low-wealth and …

In this paper, I analyze the implications of differences in consumption baskets across income
groups to evaluate the effects of redistributive taxation on efficiency and inequality. To this …

Why has the college wage premium risen rapidly in the United States since the 1980s but
not in European economies such as Germany? We argue that differences in employment …

Abstract We devise a Directed Technical Change (DTC) multisector Schumpeterian growth
model in which both wage inequality and wage polarization are analysed. To that end, we …

We argue that the Covid epidemic disproportionately affected the economic well-being and
health of poor people. To disentangle the forces that generated this outcome, we construct a …

Abstract In the United States, market hours worked are approximately flat across the wealth
distribution. Accounting for this phenomenon is a standing challenge for standard …

Almost all of the literature about the growth of income inequality and the relationship
between skilled and unskilled wages approaches the issue from the production side of …