In an overlapping generations model, rents to human capital play a key role in increasing savings. In the absence of … steady states arise because rents to human capital are self perpetuating. Inequality in abilities may be good for growth … because it allows inframarginal workers to earn rents on their human capital, which then increase savings. Public education is …

depends positively on intellectual property, a social planner which cares about income distribution may in principle want to …

This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good …

rank in the distribution of income. In the Sex and the City (SATC) type, women marry men who are better ranked than … themselves. There is a mass of unmarried men at the bottom of the distribution of human capital, and a mass of single women at … the top of that distribution. It is shown that the economy switches from a Victorian to an SATC equilibrium as inequality …

depends positively on intellectual property, a social planner which cares about income distribution may in principle want to …

This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good …

rank in the distribution of income. In the "Sex and the City" (SATC) type, women marry men who are better ranked than … themselves. There is a mass of unmarried men at the bottom of the distribution of human capital, and a mass of single women at … the top of that distribution. It is shown that the economy switches from a Victorian to an SATC equilibrium as inequality …

rank in the distribution of income. In the "Sex and the City" (SATC) type, women marry men who are better ranked than … themselves. There is a mass of unmarried men at the bottom of the distribution of human capital, and a mass of single women at … the top of that distribution. It is shown that the economy switches from a Victorian to an SATC equilibrium as inequality …