We investigate the effect of higher education on the evolution of inequality. In so doing we propose a novel … initial phase in which no social class invests in higher education of their children such that inequality is driven by … partially crowds out bequests and thereby reduces income inequality and inheritance flows in the short run. The better educated …

We analyze the effect of automation on economic growth and inequality in an R&D-based growth model with two types of … population share of graduates, increasing income and wealth inequality, a declining labor share, and (in an extension of the … basic model) increasing unemployment. In contrast to Piketty's famous claim that faster economic growth reduces inequality …

We investigate the effect of higher education on the evolution of inequality. In so doing we propose a novel … initial phase in which no social class invests in higher education of their children, such that the evolution of inequality is … education of their children, which partially crowds out bequests and thereby reduces inequality in the short run. The better …

We analyze the effects of R&D-driven automation on economic growth, education, and inequality when high-skilled workers …-driven growth leads to an increasing population share of college graduates, increasing income and wealth inequality, and a declining …

skill premium and increasing inequality. We develop a measure for reshoring activity at the macro-level and, using data from …

We investigate the effect of higher education on the evolution of inequality. In so doing we propose a novel … initial phase in which no social class invests in higher education of their children, such that the evolution of inequality is … education of their children, which partially crowds out bequests and thereby reduces inequality in the short run. The better …

We analyze the effects of automation and education on economic growth and inequality in an R&D-based growth model with … increasing population share of college graduates, increasing income and wealth inequality, and a declining labor share. In … contrast to conventional wisdom, our theory predicts that faster economic growth promotes inequality. Because education and …