continuum distribution of agents, characterized by different capital/labor shares. We establish several results concerning the … relationship between the political influence of the two groups and the level of taxation, public investment, redistribution of …

In Capital in the 21st Century, Thomas Piketty uses the market value of tradeable assets to measure both productive … capital and wealth. As a measure of wealth this is problematic because it ignores the value of human capital and transfer … assets. The approach also incorrectly identifies capital gains due to reduced discount rates as increases in the capital …

The distribution of human capital and income lies at the center of a nexus of forces that shape a country's economic … the flexibility of their production processes to the distribution of workers' skills. The greater is human capital … institutions also shape the course of technology; thus, a world-wide shift in the technology frontier results in different …

individuals to appropriate less of the returns to growth promoting activities, such as accumulation of capital and productive …

redistribution. Approximately 4,000 respondents were randomized into treatments providing interactive, customized information on U …

external finance, facilitating the formation of new establishments, and improving the efficiency of capital allocation across … overall financial development boost industry growth, new establishment formation, and efficient capital allocation, having a …

growing literature on wealth inequality across the world. Evidence points towards a rise in global wealth concentration: for …

World Distribution of Income and estimate poverty rates, poverty counts and various measures of income inequality and … welfare. Using the official $1/day line, we estimate that world poverty rates have fallen by 80% from 0.268 in 1970 to 0 …