for global inequality. We develop and parameterize a two-sector, two-class, world economy model that endogenizes education … in the world distribution of skills, slow-growing urbanization in developing countries and a rebound in income inequality …

for global inequality. We develop and parameterize a two-sector, two-class, world economy model that endogenizes education … in the world distribution of skills, slow-growing urbanization in developing countries and a rebound in income inequality …

the 21st century. We develop and parametrize a dynamic, stylized model of the world economy that accounts for the key … factor productivity (TFP) between emerging and high-income countries, and the absence of economic takeoff in Africa. It … predicts a rise in the income share of Asia (from 38 to 59 percent of the world income) and in the demographic share of Africa …