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We study the optimal dynamics of an AK economy where population is uniformly distributed along the unit circle. Locations only differ in initial capital endowments. Despite constant returns to capital, we prove that transition dynamics will set in. In particular, we prove that the...
Persistent link: https://www.econbiz.de/10008515823
This paper provides evidence of the changing attitudes to inequality during transition to the market in Poland. Using … repeated cross-sections of the population, it identifies a structural break in the relationship between income inequality and … satisfaction. Whereas in the first stage of the transition process, an increase in income inequality was interpreted by the …
Persistent link: https://www.econbiz.de/10008914765
of worker. Our analysis reveals that the effects of a liberalization on human capital accumulation, income and inequality … 20 percent in the short-run, and by more than 55 percent after 50 years. The world average index of inequality decreases … identifying assumptions. We also analyze partial liberalization shocks: effi ciency and inequality e¤ects are roughly proportional …
Persistent link: https://www.econbiz.de/10011075068