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...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
AIMS Press
2019-08-01
|
| Series: | National Accounting Review |
| Subjects: | |
| Online Access: | https://www.aimspress.com/article/10.3934/NAR.2019.1.62/fulltext.html |