Using Integrated Public Use Microdata Series-United States micro-census data from 1960 to 2010, this paper examines whether racial and Gender income disparities beget inequality by differentially impacting the growth prospects of the poor, the middle class, and the rich. Racial and Gender...

An extensive literature on poverty traps suggests that high levels of poverty deter growth. However, a seemingly basic implication of the underlying theoretical models, namely that countries suffering from higher levels of poverty should grow less rapidly, has remained untested. A parallel...