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 …

curve in many Western economies during this period, with the fall in inequality following redistribution due to …

’ rent-seeking abilities, as well as with the gap between rich and poor. It is not income inequality per se that matters …, however, but inequality in the relative distribution of earning and political power. For each of the three channels of …-country differences in inequality permanent, or gradually narrowing? Equivalently, is there convergence not just in the first moment of …

Is inequality harmful for growth? We suggest that it is. In a society where distributional conflict is important … negative relation between inequality and growth. After a comprehensive sensitivity analysis, we conclude that our findings are …

importance of initial parental conditions (i.e. the driving force behind the persistence of inequality) enhances mobility and … inequality becomes more persistent. The reduction in the concentration of human capital in technologically-advanced sectors …

The empirical literature on the relationship between inequality and growth offers a contradictory assessment …-based methods are prone to reflect the mostly positive shortor medium-run implications of inequality while the level … overall impact of inequality in the long run. …

This paper studies the impact of income inequality on the level of innovative activity in a model where innovations …