Is inequality harmful for growth? We suggest that it is. In a society where distributional conflict is important … negative relation between inequality and growth. After a comprehensive sensitivity analysis, we conclude that our findings are … activities which promote growth, such as the accumulation of capital and productive knowledge. In this paper we formulate a …

This study examines connections between intergroup inequality and macroeconomic outcomes, considering various channels … through which gender, growth, and development interact. It upholds the salience not only of equality in opportunities but also … segregation, the particular measure of gender inequality, and a country's international relations. Finally, it outlines policies …

distribution of income affects the incentive to innovate and hence long-run growth. In general, less inequality tends to discourage …We utilize Schmookler’s (1966) concept of demand-induced invention to study the role of income inequality in an … endogenous growth model. As rich consumers can satisfy more wants than poor consumers, both prices and market sizes for new …

This paper reviews the cross-country record of economic growth, using as organizing framework how economic theory has … guided that empirical analysis. The paper argues that recent studies of economic growth - both empirical and theoretical … - distinguish from previous work in three distinct ways: 1. An explicit focus on cross-country growth and development experiences; 2 …

This paper investigates the relationship between income inequality and globalization, measured with both trade and … inequality in the EU-27 since 1995. The highest contribution to inequality stems from FDI. Although the trade impact remained … recent financial crisis led to a significant rise in inequality only in the EU-periphery and the New Member states. The …

function of r ¯ − g where r ¯ is the net-of-tax rate of return on wealth and g is the economy's growth rate. This suggests that … current trends toward rising wealth–income ratios and wealth inequality might continue during the twenty-first century, both … because of the slowdown of population and productivity growth, and because of rising international competition to attract …