, which provides an integrated framework for analysing the local determinants of inequality and growth. Five main conclusions … inequality in education and income more persistent across generations. Whether the same is true of inequality in total wealth …

steady states arise because rents to human capital are self perpetuating. Inequality in abilities may be good for growth …

of the Thatcher reforms. The estimated impact turns out to be sensitive to the degree of `inequality aversion' of the …

This paper examines how economic stratification affects inequality and growth over time. It studies economies where …

This paper analyses the impact of inequality on growth when technical progress is driven by innovations. It is assumed … that consumers have hierarchic preferences. As a result inequality affects demand and therefore the incentive to innovate …. Whether more inequality is harmful or beneficial for growth depends on the initial distribution. Complementarities between a …