Showing 1 - 10 of 4,963
High income growth in many countries in East Asia and the Middle East has been accompanied by increasing income … interrelationships between inequality and economic growth. This paper develops a simple model to establish that the change in income … growth rate is a non-linear function of the income growth if policy makers try to influence economic growth. As a result …
Persistent link: https://www.econbiz.de/10010288473
growth and development. The findings of that research are contradictory and inconclusive. One source of these divergent … ethnicity may produce divergent effects on growth since they operate on macroeconomic outcomes via alternative pathways. Further …, even within groups, the effect of inequality on growth depends on the measure used. For example, inequalities in …
Persistent link: https://www.econbiz.de/10003288263
In this paper I present the ideas, preliminary results and future steps of a long term project aimed at investigating the distributional consequences of aggregate crises and the role of inequality and social insurance in shaping aggregate activity in times of crisis. For that, I develop a...
Persistent link: https://www.econbiz.de/10013228491
We examine the determinants of income mobility and inequality in a Ramsey model with elastic labor supply and heterogeneous wealth and ability (labor endowment). Both agents with lower wealth and with greater ability tend to supply more labor, implying that labor supply decisions may have an...
Persistent link: https://www.econbiz.de/10010227190
Persistent link: https://www.econbiz.de/10003215113
High income growth in many countries in East Asia and the Middle East has been accompanied by increasing income … interrelationships between inequality and economic growth. This paper develops a simple model to establish that the change in income … growth rate is a non-linear function of the income growth if policy makers try to influence economic growth. As a result …
Persistent link: https://www.econbiz.de/10013099565
This paper studies the origin of Piketty's inequality between the profit rate (r) and the growth rate of the national … income (g) by focusing on the growth rate (gamma) of the r⁄g ratio in an economy that grows gradually along a succession of … determined by the equation 1+gamma=(1+ ni)(1+ kappa) where ni is the growth rate of the profit share (alfa) in the last cycle …
Persistent link: https://www.econbiz.de/10012894463
We examine the determinants of income mobility and inequality in a Ramsey model with elastic labor supply and heterogeneous wealth and ability (labor endowment). Both agents with lower wealth and with greater ability tend to supply more labor, implying that labor supply decisions may have an...
Persistent link: https://www.econbiz.de/10013060457
High income growth in many countries in East Asia and the Middle East has been accompanied by increasing income … interrelationships between inequality and economic growth. This paper develops a simple model to establish that the change in income … growth rate is a non-linear function of the income growth if policy makers try to influence economic growth. As a result …
Persistent link: https://www.econbiz.de/10009630652
This paper explores the question of structural transformation and income distribution through the eyes of the pioneer in such analysis, Simon Kuznets. It argues that his 1955 paper stands the test of time in providing insights which are relevant to understanding current phenomena like the...
Persistent link: https://www.econbiz.de/10011631507