distribution. We find that economic growth is good for the rich in the sense that the mean income of the top decile of the … growth is really good for the really rich. We also find that during economic downturns, the average income of top earners …

This article analyzes the relationship between growth and income distribution in developing countries. Three important … hypotheses are scrutinized: The U-hypothesis, the absolute income hypothesis and the hypothesis of conflict between growth and a …

This paper develops an endogenous growth model with quality ladders where consumers heterogeneity is assumed and is … inequality, raises the intensity of research activities and the growth rate of the economy. …

This paper examines the growth and income distribution effects of inflation in a growing economy with heterogeneous … consumption spending, we show that a higher growth of monetary supply yields a negative impact on growth and an ambiguous effect … impacts on growth and distribution …

good for aggregate growth and for improving the distribution of income. …

endogenous growth with two successive stages of education. We show that with initial relative scarcity of advanced human capital … enhances the economy’s growth rate, both in the transition and in the long-run. …

The paper presents results of a study which estimates the impact of human capital on growth in Bulgaria over the period … positive and statistically significant. In general, the study cannot fully support the hypothesis that education fosters growth … of the non-significant role of secondary education is that the quality of human capital is a crucial factor for growth …

converge and one upper locally unstable over the which richer classes of income enter an explosive path, with unbounded growth … rates of personal income. In the rich regime the whole population enter the explosive path, with unbounded growth rates. We … at an increasing rate. Finally, a negative relation between initial inequality and economic growth is observed. The …