Henderson, Daniel J.; Qian, Junhui; Wang, Le - Institute for the Study of Labor (IZA) - 2015
We examine the (potentially nonlinear) relationship between inequality and growth using a method which does not require … used (nonlinear) parametric approaches - the economy first expands rapidly with a large decline in inequality, plateaus … when inequality remains relatively stable, and then decreases rapidly with a large increase in inequality. This novel …