covering 76 advanced and emerging market economies, this paper estimates the impact of infrastructure and investment on income … investment and income distribution is weak …

We provide a systematic analysis of the properties of individual returns to wealth using twelve years of population … of wealth between safe and risky assets: returns are heterogeneous even within asset classes. Third, returns are … positively correlated with wealth: moving from the 10th to the 90th percentile of the financial wealth distribution increases the …

unclear. One candidate is intangible capital - a rising driver of economic growth that, being non-pledgeable as collateral, is … vulnerable to financial frictions. By sheltering intangible investment from financial shocks, counter-cyclical macroeconomic … policy through the intangible investment channel, and its complementarity with pro-competition product market deregulation …

lead to investment and growth, they reduce the government''s ability to increase supporters'' consumption. The model … predicts that resource abundance is conductive to poor policies and, consequently, to low investment. The implications of the …

enterprises, on the allocation of talent, and on investment. It also discusses the impact of corruption on some aspects of public …

growth and investment, and new cross-country evidence on the link between corruption and the composition of government …

policy is complex. This paper highlights the channels through which monetary policy easing affect income and wealth …

This paper studies the relationship between wealth inequality and occupational choice between rent-seeking and …-seeking as it enables them to protect their wealth from expropriation. Hence, initial wealth determines occupational choice and … aggregate economic activity. The model also generates an unequal wealth distribution endogenously through fair gambles …

valuations? And if countercyclical investment (with both market-stabilizing and return-generating properties) is a public and …