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The distribution of human capital and income lies at the center of a nexus of forces that shape a country’s economic, institutional and technological structure. I develop here a unified model to analyze these interactions and their growth consequences. Five main issues are addressed. First, I...
Persistent link: https://www.econbiz.de/10014023762
This paper offers an overview of Alberto Alesina's life and of his scholarly work (§ 1 and 2). It will be argued, that Alberto would have entirely deserved the award of the Nobel Prize for Economic Science, except only for his premature passing away. His foundational contribution was the...
Persistent link: https://www.econbiz.de/10014390535
A model of endogenous growth is presented, based on productive public expenditures, and featuring some degree of income inequality, and polarization in policy preferences. The main innovation lays in the political process determining capital taxation that relies, both on voting and on "influence...
Persistent link: https://www.econbiz.de/10014461501
according to which (1) rising inequality induces more government redistribution; (2) more government redistribution is financed …
Persistent link: https://www.econbiz.de/10010263391
inequality induces more government redistribution; (2) more government redistribution is financed by higher distortionary …
Persistent link: https://www.econbiz.de/10010306778
the previous SDN on inequality and growth by focusing on the role of redistribution. It finds that, from the perspective … of the best available macroeconomic data, there is not a lot of evidence that redistribution has in fact undercut … is a big tradeoff between redistribution and growth. The best available macroeconomic data do not support such a …
Persistent link: https://www.econbiz.de/10011142220
of the distribution favor a larger amount of revenue allocated towards redistribution in the form of lump-sum transfers …
Persistent link: https://www.econbiz.de/10010738021
according to which (1) rising inequality induces more government redistribution; (2) more government redistribution is financed …
Persistent link: https://www.econbiz.de/10005069906
inequality induces more government redistribution; (2) more government redistribution is financed by higher distortionary …
Persistent link: https://www.econbiz.de/10009327900
Persistent link: https://www.econbiz.de/10014428322