serve as collateral. Under fixed land supply, house prices rise in real terms. The combination of growing wage inequality …

standard unified growth model. We measure inequality by the ratio between land rent and wages and show that, before the onset … of the fertility transition, technological progress increased inequality directly through land-biased technological … elasticity of substitution between land and labor is sufficiently high, the rent-wage ratio declines such that inequality is hump …

equal distribution of education contributes significantly to reducing income inequality. Educational expansion is a major … factor in reducing educational inequality and thus income inequality. Public policies that improve social benefits and price … stability contribute to reducing income inequality, while public spending on education helps to reduce educational inequality …

excessive flexibility, resulting in suboptimal growth or even self-sustaining technology-inequality traps. Fourth, I examine how … configurations of technology, inequality and redistributive policy are feasible in the long run, when all three are endogenous. I … show in particular how the diffusion of technology leads to the “exporting” of inequality across borders; and how this, in …