Showing 1 - 10 of 150
When measuring income inequality over long periods of time, accounting for population and productivity growth is … income growth than the standard measure. We apply these measures to long-term income data from the United States and find … growth since 1980 than when keeping top groups fixed. For earlier historical periods, our analysis shows that choice of …
Persistent link: https://www.econbiz.de/10011939792
An important strand of research in macro-finance investigates which factors impede enterprise investment, and quantifies their aggregate cost. In this paper, we make two contributions to this literature. The first contribution is methodological: we introduce a novel framework to calibrate...
Persistent link: https://www.econbiz.de/10014284676
Growth Theory explores the evolution of societies over the entire course of human history. It uncovers the universal wheels … of change that have governed the journey of humanity, driven the growth process, and shaped inequality across the globe …. The theory sheds light on two of the most fundamental mysteries surrounding this journey: (i) The Mystery of Growth …
Persistent link: https://www.econbiz.de/10015164663
theory involving capital and labour without neo-classical assumptions. Interestingly the growth story of the model seems to … be observationally equivalent to the Solow (1956) model of steady state growth. It can easily and effectively reflect on … across the globe independent of trade patterns. It is likely to increase growth rate but that rate declines over time …
Persistent link: https://www.econbiz.de/10012312232
This paper surveys the empirical literature on the association between growth on inequality in less developed countries …, with a particular emphasis on labor market inequality. Crosscountry studies failed to find a clear link from growth to … inequality increases with growth. The paper argues that the methodologies used in many of the empirical applications, designed to …
Persistent link: https://www.econbiz.de/10011450868
its evolution with economic growth. The social discount rate (SDR) should be adjusted to account for intragenerational and … intergenerational inequality aversion and for risk aversion. If growth increases (reduces) intra-generational inequality, the SDR is … lower (higher) and the SCC higher (lower) than along an inequality-neutral growth path, especially if intra-generational and …
Persistent link: https://www.econbiz.de/10013206181
This paper investigates inequality and intragenerational economic mobility in a developing country with large inequality. Understanding economic mobility is important because it shapes our perception of inequality. Despite its significance, evidence on intragenerational mobility, especially that...
Persistent link: https://www.econbiz.de/10013484931
, private investment in children's health and education and human capital accumulation. I have used a growth model with …
Persistent link: https://www.econbiz.de/10012171809
I study the effect of educational policy in the host economy on human capital accumulation and growth. The analysis is … performed in a two-country growth model with endogenous fertility. I show that providing additional free educational services …
Persistent link: https://www.econbiz.de/10015330406
-together with standard growth models to frame the role of religion in economic growth. Unifying a growing literature, we argue that … religion can enhance or impinge upon economic growth through all four elements because it shapes individual preferences …
Persistent link: https://www.econbiz.de/10014383297