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We provide an overview of recent empirical research on patterns of cross-country growth. The new empirical regularities … growth model. …
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function of r ¯ − g where r ¯ is the net-of-tax rate of return on wealth and g is the economy's growth rate. This suggests that … current trends toward rising wealth–income ratios and wealth inequality might continue during the twenty-first century, both … because of the slowdown of population and productivity growth, and because of rising international competition to attract …
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case studies rather than cross-country regression analysis; (ii) the phenomenon of increasing inequality; (iii) different …) alternative modes of redistribution in face of inequality increasing tendencies. …
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