aggregate relations. This paper establishes a bridge between the aggregation and the inequality and growth literature by …, implying that increases in income inequality may be unambiguously associated with temporary increases in a country’s growth …. The accelerated growth episodes observed in Brazil and China demonstrate that the increase in income inequality may have …

The effect of initial income inequality on growth is the subject of a large literature. We show, both analytically and … with simulation experiments, that the same level of initial income inequality can be associated with very different income … developments, depending on the source of the inequality. We consider three sources: differences in asset ownership, in productivity …

The paper uses the recently available data on growth rates, democracy, protectionism, and wars over the period 1820 to … the effect of democracy on growth, was colonialism economically bad for colonies, does protectionism affect growth … negatively, what is the effect of wars? We find that own democracy has a significant positive impact on growth which increases as …

While standard political economy theories suggest a moderating effect of democratization on income inequality … first, that prevailing ideology may be an important determinant of inequality and, second, that the democratization effect … income groups, hence democratization may have only a negligible effect on inequality. We find this to be true for Confucian …

The objective of this work is to analyse the income inequality in the 15 EU countries during the convergence process to … whether the inequality of income has diminished within and between countries over time. Gini's generalised family indices … the results obtained to different degrees of inequality aversion and to different equivalence scales, taking into account …

This note is motivated by recent arguments made by Martin Feldstein in which the relevance of inequality is dismissed … (if everybody's income goes up, who cares if inequality is up too?), and the argument is made that only poverty … alleviation should matter. This note shows that we all do care about inequality, and to hold that we should be concerned with …

in explaining such economic outcomes as inequality can lead to misinterpretations. Income should be adjusted for costs of …