Das, Satya P.; Ghate, Chetan - 2002
This paper generalizes the analysis of distributive conflict, politics, and growth developed by by Alesina-Rodrik (1994 …). We construct a heterogenous-agent framework in which both growth and the distribution of wealth are endogenous. Due to … adjustments in the distribution of wealth, the composition of factor ownership across households equalizes in the long run. This …