We characterize an equilibrium development process driven by the interaction of the distribution of wealth with credit … constraints and the distribution of entrepreneurial skills. When efficient entrepreneurs are relatively abundant, a "traditional …

exceptionalism: Sweden became rich because of well-functioning capitalist institutions, and inequality was low before the expansion …

income distribution measure that matters for development outcomes. In a predictive framework, we first show that LASSO … chooses only the headcount measure of poverty from 37 income distribution measures in predicting schooling, institutional …

What are the long-term economic effects of a more equal distribution of wealth? We exploit variation in historical … division of land led to a more equal distribution of land; other potential drivers of growth are smooth at the boundary and … right-shifted skill, income, and wealth distribution. Higher top incomes and top wealth in equal division areas coincide …

distribution of income. Based on a review of the literature, I argue for a fair distribution of income as reflected in low income … what is suggested in the literature. Better fiscal rules and good fiscal institutions are needed to safeguard growth- and … distribution-friendly expenditures in a crisis. …

Current trends in the distribution of wealth trigger a social divide and threaten democracy. I propose to counter this … requires two novel institutions: a socially responsible Sovereign Wealth Fund and a Federal Shareholder. This paper offers an …

calibrate our model to match key characteristics of a number of European economies, including the distribution of wages and …

calibrate our model to match key characteristics of a number of European economies, including the distribution of wages and …