An imbalance between rich and poor is the oldest and most fatal ailment of all republics. –Plutarch The evidence strongly suggests that residents of societies with a highly skewed distribution of ...

We differentiate consumption from expenditure by incorporating price search decision into an otherwise standard life-cycle model. We first analytically show that, under very general conditions, poorer ...

The level of economic inequality in the city of Santiago in Brazil is evident along the border of a high-density, low-income favela neighborhood next to high-rise ...