growth potential. In the model, at a good equilibrium a large number of children of well-educated parents take advantage of …

We develop a simple growth model with imperfect competition in which demand conditions can affect the dynamics of … capital accumulation, hindering or enhancing growth. In our model the elasticity of the demand schedule faced by a typical … to those found in the perfectly competitive one-sector growth model: there is a unique stationary equilibrium which is …

This paper examines a novel mechanism linking fertility and growth. There are three components to the model. First … transition: a rapid decline in fertility accompanied by accelerated output growth. …

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. …

distribution and growth, as well as the relevant empirical evidence. The first model integrates the political-economy and imperfect … capital markets theories. It allows for departures from perfect democracy and embodies the trade-off between the growth costs … savings incentives and ameliorate the wealth constraints that impede investment by the poor. The second model is a growth …

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 … activities which promote growth, such as the accumulation of capital and productive knowledge. In this paper we formulate a …

growth. The analysis demonstrates that the interplay between technological progress and two components that determine … growth. In periods of major technological inventions the ability effect is the dominating factor. The decline in the relative … importance of initial parental conditions (i.e. the driving force behind the persistence of inequality) enhances mobility and …

for missing credit and insurance markets. The resulting tradeoffs for growth and efficiency are explored, both … to higher income growth than taxes and transfers, but at the cost of lower insurance. Overall efficiency is assessed …

possible implications of this key fact by surveying and adapting literature on growth and inequality. I focus especially on the …