The COVID-19 pandemic has necessitated large-scale, rapid responses from governments to ensure that the negative effects of the crisis on people's livelihoods are mitigated. Countries with more well-established social protection systems in place prior to the crisis were able to respond faster,...

The COVID-19 pandemic has necessitated large-scale, rapid responses from governments to ensure that the negative effects of the crisis on people's livelihoods are mitigated. Countries with more well-established social protection systems in place prior to the crisis were able to respond faster,...

We consider an R&D-driven endogenous growth model in which innovation is risky and agents are risk averse. Growth is determined by the occupational choice of agents who can either work in production for a wage or become entrepreneurs. In this context, we examine the impact of redistributive...