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 …

Many models show that redistribution is bad for growth. This paper argues that in a non-cooperative world optimizing … and lower GDP growth than 'left-left' competition. Efficiency differences allow for higher GDP growth and more … redistribution than one's opponent. Irrespective of efficiency differences, however, 'left-wing' governments have higher GDP growth …

This paper questions the three standard propositions used by politico-economic models of growth and distribution … way or adding a relevant real-world element to the basic models. The politico-economic models of growth and distribution … by higher distortionary taxation; and (3) higher distortionary taxes reduce economic growth. We present a variety of …

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 discusses long-term trends in the macroeconomic growth performance and in income distribution in Europe and … the U.S. We review insights from the recent macroeconomic literature on inequality and growth and use these insights to … shed light on the growth and inequality trends …

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 …