or societal laws benefiting religious citizens. Rising income inequality can, however, lead some of the rich to form a …

This paper examines how economic stratification affects inequality and growth over time. It studies economies where …

redistributions decreases with the degree of inequality, at least over some range. Moreover, capital market imperfections make future … high inequality and low redistribution, or vice versa. Temporary shocks to the distribution of income or the political …

savings incentives and ameliorate the wealth constraints that impede investment by the poor. The second model is a growth …’ rent-seeking abilities, as well as with the gap between rich and poor. It is not income inequality per se that matters …, however, but inequality in the relative distribution of earning and political power. For each of the three channels of …

wealth or poverty and the extent to which people are responsible for their own fate. At the same time, social ethnographies …

, while inequality tends to rise monotonically. Bonus caps and income taxes can help restore balance in agents' incentives and …

excessive flexibility, resulting in suboptimal growth or even self-sustaining technology-inequality traps. Fourth, I examine how … configurations of technology, inequality and redistributive policy are feasible in the long run, when all three are endogenous. I … show in particular how the diffusion of technology leads to the ‘exporting’ of inequality across borders; and how this, in …

inequality in education and income more persistent across generations. Whether the same is true of inequality in total wealth …, which provides an integrated framework for analysing the local determinants of inequality and growth. Five main conclusions … emerge. First, minor differences in education technologies, preferences, or wealth, can lead to a high degree of …