We analyze the effects of automation and education on economic growth and inequality in an R&D-based growth model with … increasing population share of college graduates, increasing income and wealth inequality, and a declining labor share. In … contrast to conventional wisdom, our theory predicts that faster economic growth promotes inequality. Because education and …

We analyze the effect of automation on economic growth and inequality in an R&D-based growth model with two types of … population share of graduates, increasing income and wealth inequality, a declining labor share, and (in an extension of the … basic model) increasing unemployment. In contrast to Piketty's famous claim that faster economic growth reduces inequality …

by the Ramsey government not only increases aggregate efficiency, but it also decreases inequality. This result is in …

deal with vertical inequality - that is, fostering redistribution from the rich to the poor - less is known about their … performance in dealing with horizontal inequality, that is, in redistributing among socio-economic groups. In a context where … findings suggest that horizontal inequality is a dimension which policy makers should take into account when reforming tax and …

Expansion of the public sector and redistributive policies may reduce income inequality, but formal tests suffer from … income inequality and government size, measured as the government expenditure share in GDP. Using a novel instrument - the … the true role of the government in attenuating income inequality. The estimated relationship between income inequality and …

Expansion of the public sector and redistributive policies may reduce income inequality, but formal tests suffer from … income inequality and government size, measured as the government expenditure share in GDP. Using a novel instrument - the … the true role of the government in attenuating income inequality. The estimated relationship between income inequality and …