Showing 1 - 10 of 514
This paper provides an explanation for the observed persistence in income inequality across households in terms limited parental altruism. It is postulated that the degree of parental altruism is ‘limited’ by the financial status of the parent. [CDE WP 101].
Persistent link: https://www.econbiz.de/10005341789
To shed lights on growth, distribution and the relationships between the two, we develop a growth model with … pain from loss of status, we show that ambition of individuals plays an important role regarding growth and distribution …: ambition can inhibit or foster accumulation of wealth, then in turn growth. In such a context, we show that growth can be …
Persistent link: https://www.econbiz.de/10005837259
We introduce status in the most standard (canonical) macro model that is able to provide an analysis of growth and … distribution. We consider the question of whether status considerations enable the model to meet some important empirical findings …
Persistent link: https://www.econbiz.de/10008695063
interrelationships between inequality and economic growth. This paper develops a simple model to establish that the change in income … result, the relationship between growth and inequality can take the form of a wave. This simple theoretical model is a …High income growth in many countries in East Asia and the Middle East has been accompanied by increasing income …
Persistent link: https://www.econbiz.de/10010580969
This paper develops a simple two-region endogenous growth model in which individuals must choose where to reside and … implications of a change in government’s regional policy on individuals’ residential choice, growth, inequality and welfare. In …, we show that an increase in the amount of public infrastructure in the poor region not only increases growth and welfare …
Persistent link: https://www.econbiz.de/10010960053
This paper examines the relationship between inequality and growth in the Italian regions in the period 1990-2004. Our … personal incomes reduces real growth. Furthermore, a detailed examination of the possible influence mechanisms of inequality on … growth shows that both the credit rationing and the social instability channel are relevant in explaining the empirical …
Persistent link: https://www.econbiz.de/10010878147
between economic growth and income inequity. We develop a simple model to establish that economic growth and inequality can … (economic growth). Our findings for the Associations of Southeast Asian Nations (ASEAN), People Republic of China and India (ACI …) economies are two-fold: first, we observed that for low values of economic growth, inequality and growth bear an inverted U …
Persistent link: https://www.econbiz.de/10010531854
interrelationships between inequality and economic growth. This paper develops a simple model to establish that the change in income … result, the relationship between growth and inequality can take the form of a wave. This simple theoretical model is a …High income growth in many countries in East Asia and the Middle East has been accompanied by increasing income …
Persistent link: https://www.econbiz.de/10010288473
and economic growth. Individuals (who differ in abilities) live for two periods, working when young and owning capital … lower pollution tax, a larger capital tax, and lower growth. …
Persistent link: https://www.econbiz.de/10005791379
This paper constructs a simple model that can account for both the negative relationship between growth and income … inequality observed in the cross-country data and the positive relationship observed within countries over time. The model … employs a dual-economy structure with formal and informal sectors. Growth is driven by formal sector human capital spillovers …
Persistent link: https://www.econbiz.de/10005584997