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Mortality, Income, and Income Inequality Over Time in Britain and the United States

Deaton, Angus; Paxson, Christina H. - 2021

We investigate age-specific mortality in Britain and the United States since 1950. Neither trends in income nor in income inequality provide plausible explanations. Britain and the US had different patterns of income growth but similar patterns of mortality decline. Patterns of income inequality...

Persistent link: https://www.econbiz.de/10013231196

Why Development Levels Differ : The Sources of Differential Economic Growth in a Panel of High and Low Income Countries

Hulten, Charles R. - 2007

Average income per capita in the countries of the OECD was more than 20 times larger in 2000 than that of the poorest countries of sub-Sahara Africa and elsewhere, and many of the latter are not only falling behind the world leaders, but have even regressed in recent years. At the same time,...

Persistent link: https://www.econbiz.de/10012775879

Putting Per-Capita Income Back into Trade Theory

Markusen, James R. - 2010

A major role for per-capita income in international trade, as opposed to simply country size, was persuasively advanced by Linder (1961). Yet this crucial element of Linder's story was abandon by most later trade economists in favor of the analytically-tractable but counter-empirical assumption...

Persistent link: https://www.econbiz.de/10013144752

Consumption Growth Parallels Income Growth : Some New Evidence

Carroll, Chris; Summers, Lawrence Henry - 2021

This paper argues that the versions of both permanent income and life-cycle theories which have recently become fashionable are inconsistent with the grossest features of cross-country and cross-section data on consumption and income. There is clear evidence that consumption and income growth...

Persistent link: https://www.econbiz.de/10013223859

Income Distribution, Political Instability, and Investment

Alesina, Alberto; Perotti, Roberto - 2021

inequality, by fueling social discontent, increases socio-political instability. The latter, by creating uncertainty in the … inequality and growth. We measure socio-political instability with indices which capture the occurrence of more or less violent … are investment and an index of socio-political instability. Our results are robust to sensitivity analysis on the …

Persistent link: https://www.econbiz.de/10013235290

Inequality, Growth, and Investment

Barro, Robert J. - 2021

Evidence from a broad panel of countries shows little overall relation between income inequality and rates of growth and investment. However, for growth, higher inequality tends to retard growth in poor countries and encourage growth in richer places. The Kuznets curve-whereby inequality first...

Persistent link: https://www.econbiz.de/10013237007

Technological Diffusion, Conditional Convergence, and Economic Growth

Bloom, David E.; Canning, David; Sevilla, Jaypee - 2021

Technological diffusion implies a form of 'conditional convergence' as lagging countries catch up with technological leaders. We find strong evidence of technological diffusion but not full convergence; differences in total factor productivity (TFP) persist even in the long run due to differences...

Persistent link: https://www.econbiz.de/10013240307

Can't We All Be More Like Scandinavians? Asymmetric Growth and Institutions in an Interdependent World

Acemoglu, Daron; Robinson, James Alan; Verdier, Thierry - 2012

Because of their more limited inequality and more comprehensive social welfare systems, many perceive average welfare to be higher in Scandinavian societies than in the United States. Why then does the United States not adopt Scandinavian-style institutions? More generally, in an interdependent...

Persistent link: https://www.econbiz.de/10013099537

Education, Income Distribution and Growth : The Local Connection

Bénabou, Roland - 2021

This paper develops a simple model of human capital accumulation and community formation by heterogeneous families, which provides an integrated framework for analyzing the local determinants of inequality and growth. Five main conclusions emerge. First, minor differences in education...

Persistent link: https://www.econbiz.de/10013247651

The Diffusion of Technology and Inequality Among Nations

Jovanovic, Boyan; Lach, Saul - 2021

One usually accounts for output growth in terms of the growth of the primary inputs: labor, physical capital, and possibly human capital. In this paper we account for growth with labor and with intermediate goods. Because we have no measures of the extent of adoption of most intermediate goods...

Persistent link: https://www.econbiz.de/10013212902