state policy by identifying the relevant market failures, government failures, and implementation costs. Two proposals for …

We study a model in which the effects of taxation on growth are highly non-linear. Marginal increases in tax rates have … a small growth impact when tax rates are low or moderate. When tax rates are high, further tax hikes have a large …, negative impact on growth performance. We argue that this non-linearity is consistent with the empirical evidence on the effect …

To the layperson, the upward trend in European unemployment is related to the slowdown in economic growth. We argue … that the layperson’s view is correct. The increase in European unemployment and the slowdown in economic growth are related … associated with low growth rates. The model also predicts that the effect of labour taxation differs sharply in countries with …

. It is shown that the impediments for education created by social factors are similar to a market imperfection, and … publicly provided education may lead to a Pareto improvement. Policies affecting the share of skilled release a dynamic … inequality than a more "passive" public sector. …

, 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 … richer communities; thus average academic performance and income growth both fall. Yet it may still be possible for education …

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 …

possible implications of this key fact by surveying and adapting literature on growth and inequality. I focus especially on the … long run and policy options. …

growth potential. In the model, at a good equilibrium a large number of children of well-educated parents take advantage of … achievements are wasted as children fail to build upon their parents’ achievements. Policies affecting the education system and the …

, the other way around. In this paper, therefore, we take a close look as to whether income growth causes schooling from an … exogenous variation in countries' national incomes. We detect a significant causal effect of income growth on various measures …