strong incentives for product innovations (new luxuries). We show that the inequality-growth relationship depends on which …

. We ask how changes in Southern labor productivity, South's population size and inequality across regions affects the …

We utilize Schmookler’s (1966) concept of demand-induced invention to study the role of income inequality in an … distribution of income affects the incentive to innovate and hence long-run growth. In general, less inequality tends to discourage …