Inequality, mobility, and growth
Many prior studies on inequality and growth have shown that inequality is harmful to growth. In contrast, employing an overlapping-generations model with missing capital markets, educational investment, and intergenerational mobility, this paper shows that inequality characterized by skill-biased te...
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| Format: | Article |
| Language: | English |
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AIMS Press
2019-08-01
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| Series: | National Accounting Review |
| Subjects: | |
| Online Access: | https://www.aimspress.com/article/10.3934/NAR.2019.1.62/fulltext.html |
| _version_ | 1818175592988672000 |
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| author | Yu Murayama |
| author_facet | Yu Murayama |
| author_sort | Yu Murayama |
| collection | DOAJ |
| description | Many prior studies on inequality and growth have shown that inequality is harmful to growth. In contrast, employing an overlapping-generations model with missing capital markets, educational investment, and intergenerational mobility, this paper shows that inequality characterized by skill-biased technological change is good for growth. |
| first_indexed | 2024-12-11T20:02:45Z |
| format | Article |
| id | doaj.art-c4f9823253cc483c8c67d4dbebbf0eca |
| institution | Directory Open Access Journal |
| issn | 2689-3010 |
| language | English |
| last_indexed | 2024-12-11T20:02:45Z |
| publishDate | 2019-08-01 |
| publisher | AIMS Press |
| record_format | Article |
| series | National Accounting Review |
| spelling | doaj.art-c4f9823253cc483c8c67d4dbebbf0eca2022-12-22T00:52:28ZengAIMS PressNational Accounting Review2689-30102019-08-0111627010.3934/NAR.2019.1.62Inequality, mobility, and growthYu Murayama0Faculty of Economics, Oita University, Oita-shi, JapanMany prior studies on inequality and growth have shown that inequality is harmful to growth. In contrast, employing an overlapping-generations model with missing capital markets, educational investment, and intergenerational mobility, this paper shows that inequality characterized by skill-biased technological change is good for growth.https://www.aimspress.com/article/10.3934/NAR.2019.1.62/fulltext.htmleconomic growthinequalityintergenerational mobilityskill-biased technological change |
| spellingShingle | Yu Murayama Inequality, mobility, and growth National Accounting Review economic growth inequality intergenerational mobility skill-biased technological change |
| title | Inequality, mobility, and growth |
| title_full | Inequality, mobility, and growth |
| title_fullStr | Inequality, mobility, and growth |
| title_full_unstemmed | Inequality, mobility, and growth |
| title_short | Inequality, mobility, and growth |
| title_sort | inequality mobility and growth |
| topic | economic growth inequality intergenerational mobility skill-biased technological change |
| url | https://www.aimspress.com/article/10.3934/NAR.2019.1.62/fulltext.html |
| work_keys_str_mv | AT yumurayama inequalitymobilityandgrowth |