This paper examines a novel mechanism linking fertility and growth. There are three components to the model. First … transition: a rapid decline in fertility accompanied by accelerated output growth. …

growth, inequality enhanced the process of development by channeling resources towards individuals whose marginal propensity … dramatic transformations in the past century. While classical economists advanced the hypothesis that inequality is beneficial … for growth, the neoclassical paradigm dismissed the classical hypothesis and suggested that income distribution has …

This paper provides an overview of the modern perspective on the relationship between inequality and economic …

This paper provides an overview of the modern perspective on the relationship between inequality and economic …

growth, inequality enhanced the process of development by channeling resources towards individuals whose marginal propensity … dramatic transformations in the past century. While classical economists advanced the hypothesis that inequality is beneficial … for growth, the neoclassical paradigm dismissed the classical hypothesis and suggested that income distribution has …

growth. The analysis demonstrates that the interplay between technological progress and two components that determine … growth. In periods of major technological inventions the ability effect is the dominating factor. The decline in the relative … importance of initial parental conditions (i.e. the driving force behind the persistence of inequality) enhances mobility and …