This paper discusses long-term trends in the macroeconomic growth performance and in income distribution in Europe and … the U.S. We review insights from the recent macroeconomic literature on inequality and growth and use these insights to … shed light on the growth and inequality trends …

partly to the redistributive effect of education spending. In the model income inequality and growth depend in an inverted U … requires more resources, which lowers pre-tax and post-tax income inequality as well as growth. Using consistently defined … income data from the Luxembourg Income Study suggests that there is a negative relationship between growth and income …

This paper examines whether growth regressions should incorporate dualism and structural change. If there is a … factor productivity. The paper develops empirical growth models that allow for this effect in a more flexible way than … labour can explain a significant fraction of the international variation in TFP growth. …

While various empirical studies have found negative growth-effects of natural disasters, little is yet known about the … microeconomic channels through which disasters might affect short- and especially long-term growth. This paper contributes to …-Economic Panel that we combine with geographic flood data, we compare the savings behavior of affected and non-affected individuals …

This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good …

In a public good economy the distribution of initial income is an important determinant of how many individuals …

strengthens in the process of endogenous growth and moreover that it pushes the optimal trade-off between quantity and quality of … in relation to GDP growth. Countering this trend would therefore require an increase in the share of GDP spent on basic …

We provide evidence that the robust association between cognitive skills and economic growth reflects a causal effect … allows tracking student achievement across countries, over time, and along the within-country distribution. Extensive … sensitivity analyses of cross-country growth regressions generate remarkably stable results across specifications, time periods …