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The distribution of human capital and income lies at the center of a nexus of forces that shape a country’s economic, institutional and technological structure. I develop here a unified model to analyze these interactions and their growth consequences. Five main issues are addressed. First, I...
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Despite rising interest in income inequality, scholars remain divided over the mechanisms most amenable to inclusive income growth, how these mechanisms vary across country, and the trade-offs between levels and inclusivity of growth. This study introduces the concept of national growth...
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Taking Macur Olsonś theory of the decline of nations as pathbreaking in this field we develop a formal model of the behavior of interest groups and their interaction to win some deeper insights into the interior mechanics of the interest-group-state. Followed by a brief survey of empirical...
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economy, but there is not much evidence that countries with a large welfare state and substantial redistribution have worse … such consumer rivalry the government wishes to correct for the rat race, even if there is no need for redistribution, by …
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