"cutthroat capitalism" that generates greater inequality and more innovation and will become the technology leaders, while others …Because of their more limited inequality and more comprehensive social welfare systems, many perceive average welfare … theoretical answers to this question, we develop a simple model of economic growth in a world in which all countries benefit and …

Evidence from a broad panel of countries shows little overall relation between income inequality and rates of growth … and investment. However, for growth, higher inequality tends to retard growth in poor countries and encourage growth in … richer places. The Kuznets curve-whereby inequality first increases and later decreases during the process of economic …

rents for amenities that they do not value as much. We quantify the corresponding impact on well-being inequality. Through … households, above and beyond rising nominal income inequality …

GDP per capita and within-country income inequality in the world today. Indicators of early development such as early … do not predict income inequality as well as measures of the ethnic or linguistic heterogeneity of the current population …'s ancestors. An even better predictor of current inequality in a country is the variance of early development history of the …

excessive flexibility, resulting in suboptimal growth or even self-sustaining technology-inequality traps. Fourth, I examine how …, institutional and technological structure. I develop here a unified model to analyze these interactions and their growth … US-style "laissez-faire" social contracts sustainable.; I also compare the growth rates of these two politico …

distribution and growth, as well as the relevant empirical evidence. The first model integrates the political economy and imperfect … growth costs and benefits of redistribution through taxes, land reform or public schooling: such policies simultaneously … depress savings incentives and ease wealth constraints which impede investment by the poor. The second model is a growth …

, which provides an integrated framework for analyzing the local determinants of inequality and growth. Five main conclusions … inequality in education and income more persistent across generations. Whether or not the same is true of inequality in total … aggregate growth and in the Pareto sense, especially in the long run. Fourth, when state-wide equalization of school …

One usually accounts for output growth in terms of the growth of the primary inputs: labor, physical capital, and … possibly human capital. In this paper we account for growth with labor and with intermediate goods. Because we have no measures … persistence of inequality among nations. Unfortunately, while it easily generates the sorts of low frequency movements that we …