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Córdoba Muñoz, Juan C.; Liu, Xiying - In: Theoretical economics : TE ; an open access journal in … 17 (2022) 1, pp. 415-460

This article studies socially optimal allocations, from the point of view of a benevolent social planner, in environments characterized by fixed resources, endogenous fertility, and full information. Individuals in our environment are fully rational and altruistic toward their descendants. Our...

Persistent link: https://www.econbiz.de/10012806950

How families matter for understanding economic inequality

Santos, Cézar; Tertilt, Michele - 2023

In this paper we discuss the importance of families for understanding economic inequality. Family structure can in principle be an amplifier or mitigator of economic inequality. We describe three channels on how families shape economic inequality. First, how people match to form families matters...

Persistent link: https://www.econbiz.de/10014546250

Chapter 27. The Effect of Economic Growth on Social Structures

Bourguignon, François - 2005

Changes in social structures occurring during the process of economic growth can be considered direct consequences of this process, while other changes are caused by factors such as technological progress, that affect simultaneously social structures and growth. This chapter focuses on that part...

Persistent link: https://www.econbiz.de/10014023760

Chapter 10 Explaining cross-country income differences

McGrattan, Ellen R.; Schmitz, James A. - In: Handbook of macroeconomics : volume 1, part A, (pp. 669-737). 1999

This chapter reviews the literature that tries to explain the disparity and variation of GDP per worker and GDP per capita across countries and across time. There are many potential explanations for the different patterns of development across countries, including differences in luck, raw...

Persistent link: https://www.econbiz.de/10014024240

Can there Be a Wave-Like Association between Economic Growth and Inequality? Theory and Lessons for East Asia from the Middle East

Gangopadhyay, Partha - 2012

High income growth in many countries in East Asia and the Middle East has been accompanied by increasing income inequality and widening gaps between rich and poor, and urban and rural. It is therefore it is important to examine the interrelationships between inequality and economic growth. This...

Persistent link: https://www.econbiz.de/10013099565

Can there be a wave-like association between economic growth and inequality? : theory and lessons for East Asia from the Middle East

Gangopadhyay, Partha; Bhattacharyay, Biswanath - 2012

Persistent link: https://www.econbiz.de/10009630652

Growth and distribution in low income economies : modifying post Keynesian analysis in light of theory and history

Razmi, Arslan - 2015

Growth in low-income developing economies with large sectors charac- terized by underemployment is unlikely to be wage-led in the traditional neo-Kaleckian sense of the term. Output and employment in the sectors of the economy producing non-tradable output could be demand-led, how- ever, and...

Persistent link: https://www.econbiz.de/10011522170

Higher education and the fall and rise of inequality

Prettner, Klaus; Schäfer, Andreas - 2016

We investigate the effect of higher education on the evolution of inequality. In so doing we propose a novel … initial phase in which no social class invests in higher education of their children, such that the evolution of inequality is … education of their children, which partially crowds out bequests and thereby reduces inequality in the short run. The better …

Persistent link: https://www.econbiz.de/10011439186

Is there a nonlinear relationship between economic growth and inequality? : theory and lessons from ASEAN, People Republic of China and India

Gangopadhyay, Partha; Bhattacharyay, Biswanath - 2015

In view of rising inequality in fast growing Asian developing countries, it is important to study the relationship between economic growth and income inequity. We develop a simple model to establish that economic growth and inequality can bear a complex and non-linear relationship if policy...

Persistent link: https://www.econbiz.de/10010531112

Credit constraints and economic growth in a dual economy

Skott, Peter; Gómez-Ramírez, Leopoldo - 2017

Pervasive credit constraints have been seen as major sources of slow growth in developing economies. This paper clarifies a mechanism through which an inefficient financial system can reduce productivity growth. Using a two-sector model, second, we examine the implications for employment and the...

Persistent link: https://www.econbiz.de/10011721982