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established, including a poverty trap, wherein children work full-time and no human capital accumulation takes place, with … continuous growth at an asymptotically steady rate as an alternative. We show that a society can escape from the poverty trap …
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impact of vote-buying on growth. We consider a model with a poverty trap where redistribution can promote growth. We show … that vote-buying contributes to the persistence of poverty as taxed wealthy people buy votes from poor people. We then show …
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altruism, make decisions about investments in schooling and reproducible capital. A poverty trap exists for a wide range of …
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impact of vote-buying on growth. We consider a model with a poverty trap where redistribution can promote growth. We show … that vote-buying contributes to the persistence of poverty as taxed wealthy people buy votes from poor people. We then show …
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