in alleviating poverty, while saving at very low rates and neglecting investment in health and education. Such … consumption patterns seem to be related to the persistence of poverty. We offer an explanation for this observation, based on a … can help explain the persistence of poverty. …

This paper studies the impact of income inequality on fiscal conservatism when an increase in inequality affects the …, inequality will then be associated with less, rather than more, redistributive taxation. Furthermore, if the poor are liquidity … constrained then the positive association between inequality and fiscal conservatism will increase the persistence in the dynamics …

importance of initial parental conditions (i.e. the driving force behind the persistence of inequality) enhances mobility and … inequality becomes more persistent. The reduction in the concentration of human capital in technologically-advanced sectors …

, which provides an integrated framework for analysing the local determinants of inequality and growth. Five main conclusions … inequality in education and income more persistent across generations. Whether the same is true of inequality in total wealth …

steady states arise because rents to human capital are self perpetuating. Inequality in abilities may be good for growth …

. In the short run, cloning reduces inequality. In the long run, it creates a perfectly egalitarian society where all … necessarily eliminate inequality; nor does it disappear in the long run. Finally, if fertility is negatively correlated with …