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This paper studies the dynamic relationship between distribution and endogenous growth in an overlapping generations … per capita growth rates and inequality in the distribution of income. Family background effects and spillovers in the … private returns and the form of the externality in the technology for human capital. Conditions for existence, uniqueness and …
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This paper studies a model of the distribution of income under bounded needs. Utility derived from any given good reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always increases utility. It is assumed that each variety is owned by a...
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