The Growth-Inequality Nexus without Borrowing Restrictions and Government Intervention: Some Implications from a Prototype Model

Using a prototype human capital based growth model without borrowing restrictions and government intervention, we study the dynamic evolution of aggregate output and income inequality. We show how even barebones models can yield some testable implications about the growth-inequality relation that may square nicely with the empirical reality. We also provide some useful speculations about this relation over different stages of economic development.

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Year of publication:	2000
Authors:	Ehrlich, Isaac ; Yuen, Chi-Wa
Published in:	Annals of Economics and Finance. - China Economics and Management Academy, ISSN 1529-7373. - Vol. 1.2000, 2, 3, p. 283-301
Publisher:	China Economics and Management Academy
Subject:	Endogenous growth \| Income inequality \| Human capital \| Family economics \| Barebones model

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Classification:	D31 - Personal Income, Wealth and Their Distributions ; J24 - Human Capital; Skills; Occupational Choice; Labor Productivity ; O41 - One, Two, and Multisector Growth Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009131596