-biased technological progress and use cross-country panel data on inequality and GDP to test these ideas. A one-year increase in the level …

-biased technological progress and use cross-country panel data on inequality and GDP to test these ideas. A one-year increase in the level …

abovethe primary level is that the rich take up most education, soa subsidy would increase inequality. We show that there is … inequality decreases.We consider a Walrasian world withperfect capital and insurance markets. Hence, in the absence ofa strive …

above the primary level is that the rich take up most education, so a subsidy would increase inequality. We show that there …, pre-tax income inequality decreases.We consider a Walrasian world with perfect capital and insurance markets. Hence, in …