Modalsli, Jørgen Heibø - 2011 - Publisert 6. sep. 2011 13:49
more profitable for the rich than the poor, inequality increases. The model is calibrated to illustrate polarization and … increasing inequality in early modern Europe, starting from a continuous pre-industrial wealth distribution. During the early … industrializing period, when labor markets operate and capital markets do not, inequality increases and a distinct working class …