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Persistent link: https://www.econbiz.de/10001334445
Persistent link: https://www.econbiz.de/10007620268
This study develops a general equilibrium model in which the evolution of income inequality and output conforms with the Kuznets hypothesis. The paper presents a novel endogenous mechanism that generates the inverted-U relation between income inequality and per capita output, and captures the...
Persistent link: https://www.econbiz.de/10005195424