strong incentives for product innovations (new luxuries). We show that the inequality-growth relationship depends on which …We study a model of endogenous growth where firms invest both in product and process innovations. Product innovations … balanced growth path. …

In this chapter we inspect economic mechanisms through which technological progress shapes the degree of inequality … among workers in the labour market. A key focus is on the rise of US wage inequality over the past 30 years. However, we … also pay attention to how Europe did not experience changes in wage inequality but instead saw a sharp increase in …

distribution of income affects the incentive to innovate and hence long-run growth. In general, less inequality tends to discourage …We utilize Schmookler’s (1966) concept of demand-induced invention to study the role of income inequality in an … endogenous growth model. As rich consumers can satisfy more wants than poor consumers, both prices and market sizes for new …

may in-duce dramatic changes in political outcomes and greater inequality pronounces the interest-rate effect and may lead …

The relationship between income inequality and national savings is theoretically ambiguous, and past empirical studies … have delivered mixed results. We revisit the question using a newly available source of data on inequality: the income … to reject more than modest effects in either direction. We view this as suggesting that inequality at the top end of the …

lead to higher inequality across firms, increased segregation of labour markets and decreased within-firm inequality. This … workplace systems. Our results suggest that HPWOs increase both across and within firm inequality. We do not find evidence …

In this Paper, we provide a case study of the impact of globalization on income inequality using data across Chinese … institutions across countries are difficult to control for, and the inequality data across countries may not be compatible. An in … demonstrate a greater decline in urban-rural income inequality. Thus, globalization has helped to reduce, rather than increase …

to education, and changes in industry premiums and informality alone cannot fully explain the increase in wage inequality …