lower pollution tax, a larger capital tax, and lower growth. … and economic growth. Individuals (who differ in abilities) live for two periods, working when young and owning capital … when old. Externalities are caused by a polluting factor. The revenue from pollution taxation, as well as capital …

to enhance institutional quality thereby promoting growth. The politically powerful coalition contemplates relinquishing …, and slow growth; and a more equal distribution of political and economic resources, high-quality institutions, and faster … growth. …

twenty-period of rapid income growth. It addresses the problem of the endogenous placement of networks by exploiting the fact … moderate positive causal effect on per capita GDP levels across sectors, but no effect on per capita GDP growth. We provide a …

rate effect, and how much a true growth effect? If there are growth effects, how much of this is based on accelerating … inequality impact of demographic transitions? …

We study the interactions and dynamics of human capital, growth and inequality by explicitly embedding networks into a … standard endogenous growth model with overlapping generations. The human capital of a household depends on investment in … differences across households and leads to long run equality, while below the threshold, inequality is high and persists more …

This paper studies the impact of income inequality on the level of innovative activity in a model where innovations …

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 …

, which provides an integrated framework for analysing the local determinants of inequality and growth. Five main conclusions … inequality in education and income more persistent across generations. Whether the same is true of inequality in total wealth … resulting from individual residential decisions can be quite inefficient, both from the point of view of aggregate growth and in …

-country panel data on income inequality to estimate the private return and GDP data to estimate the social return. The results show … of endogenous technological progress. The rise in education is the major cause of productivity growth over the sample …

steady states arise because rents to human capital are self perpetuating. Inequality in abilities may be good for growth … also good for growth because it gives the young property rights over their own human capital, which are thus equivalent to …