Inequality and institutional quality in a growth model
نویسندگان
چکیده
By applying a growth model of an occupational choice between being worker and criminal, institutional Kuznets curve is produced. Using the Gini coefficient derived from model, we investigate how quality affects wealth inequality across agents. In case relatively higher capital share, can emerge. this case, improvement in decreases possibility stolen but increases amount stolen. early stage economic development, since latter effect dominates former, widens as improves. contrast, converse true late stage, shrinks once institutions have sufficiently matured. lower cannot monotonically Furthermore, present government policies that reduce achieve first-best outcome.
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ژورنال
عنوان ژورنال: Evolutionary and Institutional Economics Review
سال: 2021
ISSN: ['2188-2096', '1349-4961']
DOI: https://doi.org/10.1007/s40844-020-00195-w