Africa and Sweden to illustrate that inequality dynamics cannot be understood without embedding economic factors in the …

Social Security system with annual adjustments of taxes or benefits to maintain fiscal balance; (2) Sweden's Notional Defined …

-development institutions, how should one understand why Imperial China, with weaker rule of law and property rights, gave the commoners more … par with the Elites in China in terms of power and rights. Based on these narratives, we build a game-theoretical model … stronger, and the Ruler's incentive to promote such symmetry will be greater. The theory explains the power structure …

China presents several macroeconomic patterns that appear inconsistent with standard stylized facts about economic …