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, which provides an integrated framework for analysing the local determinants of inequality and growth. Five main conclusions … resulting from individual residential decisions can be quite inefficient, both from the point of view of aggregate growth and in … richer communities; thus average academic performance and income growth both fall. Yet it may still be possible for education …
Persistent link: https://www.econbiz.de/10005661649
for missing credit and insurance markets. The resulting tradeoffs for growth and efficiency are explored, both … to higher income growth than taxes and transfers, but at the cost of lower insurance. Overall efficiency is assessed …
Persistent link: https://www.econbiz.de/10005124288
distribution. We find that economic growth is good for the rich in the sense that the mean income of the top decile of the … growth is really good for the really rich. We also find that during economic downturns, the average income of top earners …
Persistent link: https://www.econbiz.de/10011271631
growth. The analysis demonstrates that the interplay between technological progress and two components that determine … growth. In periods of major technological inventions the ability effect is the dominating factor. The decline in the relative … technological progress and economic growth. Once existing technologies become more accessible, however, mobility is diminished and …
Persistent link: https://www.econbiz.de/10005124238
distribution. We find that economic growth is good for the rich in the sense that the mean income of the top decile of the … growth is really good for the really rich. We also find that during economic downturns, the average income of top earners …
Persistent link: https://www.econbiz.de/10011257836
When measuring income inequality over long periods of time, accounting for population and productivity growth is … income growth than the standard measure. We apply these measures to long-term income data from the United States and find … growth since 1980 than when keeping top groups fixed. For earlier historical periods, our analysis shows that choice of …
Persistent link: https://www.econbiz.de/10011939792
, income distribution influences the stringency of environmental policy and consequently the growth of a country. Individuals … inequality, environmental protection, and growth. …
Persistent link: https://www.econbiz.de/10011608600
macroeconomic imbalances, high inflation, low growth, as well as low-quality public policies. When redistributive efforts are short … that reduce growth and thwart poverty reduction efforts. The argument of this paper is that there are various possible …
Persistent link: https://www.econbiz.de/10014546295
, income distribution influences the stringency of environmental policy and consequently the growth of a country. Individuals … inequality, environmental protection, and growth. …
Persistent link: https://www.econbiz.de/10011090302
A part of the current literature on human capital accumulation claims that individuals may prefer to pay taxes that may distort their labor/leisure, and saving/consumption decisions to finance a public education system. Because, this makes it possible for the future members of their family to...
Persistent link: https://www.econbiz.de/10005345626