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We posit that the relationship between income inequality and economic growth ismediated by the level of equality of opportunity, which we identify with intergenerationalmobility. In economies characterized by intergenerational rigidities, an increase in incomeinequality has persistent...
Persistent link: https://www.econbiz.de/10012889158
In this study, we assess the inclusiveness of growth by tracking the yearly percentage change in the household consumption of individuals over different growth spells in Cameroon, Senegal, and Tanzania. With cross-sectional data, we track the consumption of groups of individuals that share...
Persistent link: https://www.econbiz.de/10010410852
Short AbstractUsing the new PWT, that for the first time permit income comparisons overtime too, and defining growth for followers as catching-up, the developing world (excluding China and one or two countries) consisting of 99/100 countries with 3.9/4.0b. population has not shown any growth...
Persistent link: https://www.econbiz.de/10012991756
The author has recently, defining a catch-up index, growth as catching-up, and deriving an equation for years for absolute convergence, shown Sub-Saharan Africa has fallen behind sharply and, even considering India's population-weight, South Asia has barely shown any growth since 1951 (growing...
Persistent link: https://www.econbiz.de/10012902360
Economic development, which refers to the process of progressive transformation of an economy, is a multifaceted term without a universal definition. This article presents the constitutive elements of economic development, such as growth, distribution, and innovation. Economic development has...
Persistent link: https://www.econbiz.de/10012849707
We introduce distributive justice into a simple model of growth and distribution. Two groups ("classes") of otherwise identical, capital-rich and capital-poor individuals ("capitalists") and ("workers") are in conflict over factor (labour-capital) shares. Capitalists' (workers') ideal labour...
Persistent link: https://www.econbiz.de/10011996775
population; the adverse influence of genetic diversity on interpersonal trust and cooperation; the contribution of genetic …
Persistent link: https://www.econbiz.de/10011309623
We introduce distributive justice into a simple model of growth and distribution. Two groups (‘classes’) of otherwise identical, capital-rich and capital-poor individuals (‘capitalists’) and (‘workers’) are in conflict over factor (labour-capital) shares. Capitalists’ (workers’)...
Persistent link: https://www.econbiz.de/10012871763
Why has polygyny, marriage of a man to multiple women, common in most societies throughout history, almost disappeared in modern industrialized countries? Do women play a role in its disappearance? A simple theoretical model suggests that at the later stage of the transition from polygyny to...
Persistent link: https://www.econbiz.de/10010422242
We present new evidence on the influence of income inequality on generalized trust. Using individual panel data from … especially differences among people in the bottom half of the income distribution, are associated with lower trust. The … relationship between income inequality and trust is particularly strong for people with a strong aversion against income …
Persistent link: https://www.econbiz.de/10010320115