We develop a new theoretical link between inequality and growth. In our model, fertility and education decisions are … distribution increases the fertility differential between the rich and the poor, which implies thatmore weight gets placed on …. We find that this fertility-differential effect accounts for most of the empirical relationship between inequality and …

We develop a new theoretical link between inequality and growth. In our model, fertility and education decisions are … distribution increases the fertility differential between the rich and the poor, which implies that more weight gets placed on …. We find that this fertility-differential effect accounts for most of the empirical relationship between inequality and …