Countries with high income inequality also show a strong association between parents' and children’s economic well-being; i.e. low intergenerational mobility. This study is the first to test this relationship in a between-country and within-country setup; using harmonized micro data from 18...

This paper analyzes the political economy of growth when agents and the government have finite horizons and equilibrium growth is inefficient. A quot;representativequot; government (that is, one whose preferences reflect those of its constituents) endowed merely with the ability to tax and...

This paper analyzes the political economy of growth when agents and the government have finite horizons and equilibrium growth is inefficient. A "representative" government (i.e. one whose preferences reflect those of its constituents) endowed merely with the ability to tax and transfer can...

We analyze the interaction between human capital and growth in Russia, where there are substantial human capital reserves but an education system seriously out of sync with the world economy. We define a rule for the timing of educational restructuring, and show that this time is pareto optimal...