This Paper studies a model of the distribution of income under bounded needs. Utility derived from any given good …

This paper analyses how political institutions, wealth distribution and economic activities affect each other during … played by the initial distribution of wealth in determining the long-run pattern of political participation and economic …

steady states arise because rents to human capital are self perpetuating. Inequality in abilities may be good for growth … also good for growth because it gives the young property rights over their own human capital, which are thus equivalent to …

growth and sharply rising top income shares during the 1990s and early 2000s, progressive income taxation is about to raise … rise in income inequality associated to globalization and growth. Due to faster income growth and to a higher fraction of …

change the international and national distribution of skills and thereby equality in the receiving society. This paper …

growth. It demonstrates the significant role of the distribution of human capital in the process of economic development. The … evolutionary pattern of the human capital distribution, the income distribution and economic growth are determined by the interplay …This paper analyses the interaction between the distribution of human capital, technological progress, and economic …

distribution and growth, as well as the relevant empirical evidence. The first model integrates the political-economy and imperfect … capital markets theories. It allows for departures from perfect democracy and embodies the trade-off between the growth costs … savings incentives and ameliorate the wealth constraints that impede investment by the poor. The second model is a growth …