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The causes and consequences of the intergenerational persistence of inequality are a topic of great interest among … observed and are associated with income inequality, poverty, economic growth, public educational expenditures and assortative …
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We analyze inequality and mobility across generations in a dynastic economy. Nurture, in terms of bequests and the … nature affect mobility and the transmission of income inequality across generations, thus complementing the vast empirical …
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excessive flexibility, resulting in suboptimal growth or even self-sustaining technology-inequality traps. Fourth, I examine how … configurations of technology, inequality and redistributive policy are feasible in the long run, when all three are endogenous. I … show in particular how the diffusion of technology leads to the “exporting” of inequality across borders; and how this, in …
Persistent link: https://www.econbiz.de/10014023762
dramatic transformations in the past century. While Classical economists advanced the hypothesis that inequality is beneficial … development. Moreover, in contrast to the Classical viewpoint, which underscored beneficial effects of inequality for the growth … process, the modern perspective advanced the hypothesis that inequality may be detrimental for human capital formation and …
Persistent link: https://www.econbiz.de/10014025641
rates, intergenerational mobility of education, and long-run earnings inequality in eight countries Sub-Saharan Africa. On …. disadvantaged children, earnings inequality could increase between one and four Gini points, depending on the assumptions. …
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