In this paper, we have obtained closed-form solutions in Cass-Koopmans growth models with heterogeneous agents. The … relationship between the form of the production function and the dynamics of income distribution is made explicit. We then use this … relationship to determine what production structure is simultaneously consistent with facts on growth and income inequality. Our …

It is assumed that education simultaneously affects growth and wage inequality. Human capital is taken as lumpy, and … education policy has a direct bearing on growth, the number of high-skilled people, and wages. It is shown that the optimal … policy for the unskilled is Rawlsian and implies high after-tax returns on capital and high growth, whereas the skilled …

distribution has a stronger negative effect on growth than inequality in income distribution may indicate that the channels through …The theme of the relationship between inequality and economic growth has gained considerable attention among economists … over the last two decades. In this paper, we analyse the effect of inequality on growth, whose related literature has been …

In this paper, we have obtained closed-form solutions in Cass-Koopmans growth models with heterogeneous agents. The … relationship between the form of production function and the dynamics of income distribution is made explicit. We then use this … relationship to determine what production structure is simultaneously consistent with facts on growth and income inequality. Our …

have been correlated with faster economy growth. Public policies that stabilize big business sectors are sometimes … that other explanations, such as special interest politics or behavioral biases favoring the status quo also be considered. …

This paper investigates the redistributive effects of taxation on occupational choice and growth. We discuss a two … industry. While the presence of entrepreneurial risk results in a suboptimally low number of firms and depresses growth …

dynamics of income distribution as the economy expands. Finally, some examples are presented, contrary to the conjecture made …

cross-country panel dataset containing detailed information on the distribution of income and expenditure. When the size of …

Over the last two decades there has been a growing interest in determining the impact of inequality on growth. The … structure of the data, the sample coverage, the type of distribution, the definition of income, and the estimation technique …. These results suggest that there is not one but several underlying effects of inequality on growth, which are likely to …