This paper is intended as a contribution to the debate about the relationship between economic growth and national objectives, and the way in which achievement of the latter can be assessed by alternative indicators of economic and social performance. Faster growth of GDP is an instrumental...

This paper investigates possible explanations for the increases in inequality observed in Brazil during the 1980s. While the static decompositions of inequality by household characteristics reveal that education and race of the household head, as well as geographic location, can account for a...

This paper proposes a model of wealth distribution dynamics with a capital market imperfection and a production function where public capital is complementary to private capital. A unique invariant steady-state distribution is derived, with three social classes: subsistence workers, 'government...