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Piketty in America : A Tale of Two Literatures
Bankman, Joseph - 2014
Thomas Piketty's widely-noted and bestselling book, Capital in the Twenty-First Century, does much to advance our empirical understanding of rising high-end wealth concentration, which is one of the central issues of our time. But its theoretical approach and policy recommendations differ...
Persistent link: https://www.econbiz.de/10013044641
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Underinvestment and Slow Growth : PWBM Concedes Flaws
Simkovic, Michael - 2021
The U.S. economy is growing more slowly than it can and should be growing because it does not invest enough in infrastructure, science, and education. There is an important procedural obstacle to funding public investments — a process of scoring the economic effect of legislation. This process...
Persistent link: https://www.econbiz.de/10013249451
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Tax policy reform and universal basic income effectiveness in a currency union : implications for long-term growth, inequality, and welfare
Kame Babilla, Thierry U. - In: Journal of government and economics : JGE 10 (2023), pp. 1-15
-term growth and welfare in a currency union that faces fiscal rule constraints and inequality. To address this ongoing government …, inequality, and welfare depends on the type of fiscal policy adopted by government to fund it, notably the trade-off between … completely eliminating oil subsidies appears to be the best policy for reducing inequality while increasing growth and welfare …
Persistent link: https://www.econbiz.de/10014414077
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The political economy of redistribution and (in) efficiency in Latin America and The Caribbean
Altube, Matias Guizzo; Scartascini, Carlos G.; Tommasi, … - 2023
helps to understand the high levels of inequality. The contemporary fiscal version of that assertion goes something like …
Persistent link: https://www.econbiz.de/10014546295
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Social Security Systems, Human Capital, and Growth in a Small Open Economy
Kaganovich, Michael - 2008
We consider a small open economy in which the level of public education funding is determined by popular vote. We show that growth can be enhanced by the introduction of pay-as-you-go pensions even if the growth rate of aggregate wages falls short of the interest rate. The reason is that the...
Persistent link: https://www.econbiz.de/10012768260
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Adult learning, economic growth and the distribution of income
Stauvermann, Peter; Kumar, Ronald Ravinesh - In: Economies : open access journal 6 (2018) 1, pp. 1-12
skills and human capital, and it increases inequality if employees are not capable adapting to new technologies. The second … efficiently. In this paper, we use an overlapping generation model with human capital accumulation and inequality to derive a … mechanism which reduces income inequality and provides an incentive for all adults to invest more in education. As a consequence …
Persistent link: https://www.econbiz.de/10011849808
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The inequality-growth relationship : an empirical reassessment
Kolev, Galina V.; Niehues, Judith - 2016 - Working paper version
inequality and economic growth, implying the conclusion that inequality reducing policies will foster economic growth. The … likely to suffer from a severe weak instrument problem in the inequality-growth setting because lagged differences of … inequality have practically no explanatory power for current inequality levels. Thus, it is biased in the direction of OLS and …
Persistent link: https://www.econbiz.de/10011627022
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Capital flows and endogenous growth
Komarov, Evgenij - 2021 - This version: November 18, 2021
So-called "uphill capital flows", i.e. flows of physical capital from relatively poor to rich countries, are a new phenomenon with yet unclear impact. We develop a unified framework incorporating economic institutions, human capital and physical capital to study the interaction of international...
Persistent link: https://www.econbiz.de/10012696550
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Economic Growth, International Competitiveness and Environmental Protection : R&D and Innovation Strategies with the Warm Model
Carraro, Carlo; Galeotti, Marzio - 2012
It is often argued that policies designed to protect the environment may harm economic growth. Moreover, if introduced unilaterally by a given country, they may reduce the competitiveness of domestic firms. These arguments are generally based on the assumption that environmental protection has...
Persistent link: https://www.econbiz.de/10014067998
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The environmental and macroeconomic effects of socially responsible investment
Dam, Lammertjan (contributor); Heijdra, Ben J. (contributor) - 2008
We analyze the effects of socially responsible investment and public abatement on environmental quality and the economy in a continuous-time dynamic growth model featuring optimizing households and firms. Environmental quality is modelled as a renewable resource. Consumers can invest in...
Persistent link: https://www.econbiz.de/10003730310