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In this paper, we consider whether or not inequality forces society to expend more resources on supervision which … imposes an extra cost to doing business. Some argue that since inequality deteriorates social capital, there is a greater need … the link between inequality and guard labor. …
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Inequality and fairness have always been at the heart of any political concept aiming at the well-being of the people … inequality, the existence of inequality aversion has become a generally accepted fact in Economics. This dissertation contributes … to the ensuing debate on causes, consequences, and measurement of inequality. It consists of three essays providing …
Persistent link: https://www.econbiz.de/10012315933
linking economic growth and income inequality. …We study a growth model with two types of agents who are heterogeneous in their degree of family altruism. We prove … heterogeneity. When altruism heterogeneity is low, income inequality follows an inverse U-shaped pattern relative to the level of …
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inequality, and polarization in policy preferences. The main innovation lays in the political process determining capital … speaking reflecting inequality) has somewhat interesting effects along the transitional path towards balanced growth. Hereby …A model of endogenous growth is presented, based on productive public expenditures, and featuring some degree of income …
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