utilization. First, it explains why utilization is a crucial variable for the various theories of growth and distribution …This paper discusses some issues related to the triangle between capital accumulation, distribution, and capacity … determined distribution (along classical lines). Second, it responds to some recent criticism by Girardi and Pariboni (2019). I …

division of land led to a more equal distribution of land; other potential drivers of growth are smooth at the boundary and …What are the long-term economic effects of a more equal distribution of wealth? We exploit variation in historical … right-shifted skill, income, and wealth distribution. Higher top incomes and top wealth in equal division areas coincide …

production on the one hand, and aggregate savings, investment, and macroeconomic growth on the other. Tractable models …This chapter reviews various interactions between the distribution of income across individuals and factors of … scarce resources efficiently, and the dynamics of income and consumption distribution have no welfare implications. Other …

economic decline through reduced human capital accumulation and reduced growth of per-capita output. -- Immigration … ; redistribution ; ethnic diversity ; fertility ; human capital ; economic growth …

This paper reconsiders the political economy approach to growth and distribution according to which (1) rising … real-world element to the basal models. The political economy models of growth and distribution, as well as the specific … taxation; and (3) higher distortionary taxes reduce economic growth. We present a variety of theoretical arguments …

This paper combines the Aiyagari/Huggett–type standard incomplete markets model with the Arrow/Romer approach to growth … to analyze feedback effects between growth and inequality, both endogenously determined in equilibrium. We derive … conditions on existence/ nonexistence of balanced growth paths. Major results include that growth, inequality, and risk are …

evaluate the consequences of policy reform. This paper surveys the savings mechanisms generated by the transmission of bequests … medical-expense risk are crucial determinants of savings and wealth inequality and that we need to look at more data to …

and low income households. Keyword(s): Saving; Distribution; Life cycle …