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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
tax have a significant negative effect on the household GINI index and on poverty. We also examine three alternative …
Persistent link: https://www.econbiz.de/10010361509
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
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
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
This paper analyzes government commitments to ongoing spending programs that require future outlays. Spending commitments are important for understanding partisan politics because they constrain future governments. In a model with one government good, a "stubborn liberal" policy maker can use...
Persistent link: https://www.econbiz.de/10009127554