Showing 1 - 10 of 503
We study a growth model with two types of agents who are heterogeneous in their degree of family altruism. We prove that every equilibrium path converges to a unique steady state, and study the effect of altruism on the properties of steady-state equilibrium. We show that aggregate income is...
Persistent link: https://www.econbiz.de/10014384038
This paper develops a model in which the interaction of entrepreneurial investments and power of the owners of land or other natural resources determines structural change and economic development. A more equal distribution of natural resources promotes structural change and growth through two...
Persistent link: https://www.econbiz.de/10003202246
The upward sloping trend of rents and house prices has initiated a debate on the consequences of surging housing costs for wealth inequality and welfare. We employ a frictionless two-sectoral macroeconomic model with a housing sector to investigate the dynamics of wealth inequality and the...
Persistent link: https://www.econbiz.de/10012026424
This paper focuses on the role of institutions in poverty alleviation, where both poverty and institutions are … interpreted broadly. The broadening of the poverty notion is important at least from the policy perspective. Even if one were … convinced that higher growth would reduce income poverty to an acceptable margin, there appears to be little concrete policy …
Persistent link: https://www.econbiz.de/10011400868
In view of rising inequality in fast growing Asian developing countries, it is important to study the relationship between economic growth and income inequity. We develop a simple model to establish that economic growth and inequality can bear a complex and non-linear relationship if policy...
Persistent link: https://www.econbiz.de/10010531112
persons for the years 1980, 1990 and 2000, and world poverty rates for the same years. It also presents the results of a … growth and changes in global income inequality and poverty. The authors find that rapid growth in China (despite a downward … inequality. The impact of these twocountries is similarly critical with respect to global poverty reduction. …
Persistent link: https://www.econbiz.de/10011514125
This paper focuses on the role of institutions in the fight against poverty and inequality. Our view of institutions …-income poverty à la capability approach of Amartya Sen) allows a rich discussion of policy interventions. While both orientations as … to the concepts of poverty, inequality and institutions are expounded on a priori reasoning, empirical analysis with LAC …
Persistent link: https://www.econbiz.de/10011514135
ominous messages for using equitable growth in fighting poverty. Rapid growing developing economies need to adopt appropriate … crucial to ensure more equity and social stability. -- growth ; inequality ; poverty ; East Asia and the Middle East …
Persistent link: https://www.econbiz.de/10009630652
One of the most widely discussed phenomena in American politics today is the perceived increasing partisan divide that splits the U.S. electorate. A central contested question is whether this diagnosis is actually true, and if so, what is the underlying cause. We develop a model that relates the...
Persistent link: https://www.econbiz.de/10009503800
This paper studies the effects on electoral competition of political parties relying on monetary donations and volunteer labour for their electioneering activities. It also examines whether a recorded decline in party activism increases special-interest influence on party policy platforms....
Persistent link: https://www.econbiz.de/10009535105