منابع مشابه
Sorting and Long-Run Inequality¤
Many social commentators have raised concerns over the possibility that increased sorting in society can lead to greater inequality. To investigate this, we construct a dynamic model of intergenerational education acquisition, fertility and marital sorting and parameterize the steady state to match several basic empirical ...ndings. We ...nd that increased marital sorting will signi...cantly in...
متن کاملInequality in the long run.
This Review presents basic facts regarding the long-run evolution of income and wealth inequality in Europe and the United States. Income and wealth inequality was very high a century ago, particularly in Europe, but dropped dramatically in the first half of the 20th century. Income inequality has surged back in the United States since the 1970s so that the United States is much more unequal th...
متن کاملInequality and Economic Growth: Bridging the Short-run and the Long-run
I analyze whether the e ect of inequality on growth changes over di erent time-frames (short, medium and long-run). I construct a large dataset that covers the period 1950-2007 and around 100 countries depending on the speci cation. Using restricted system-GMM estimators I nd evidence of a short-run (5-year periods) inverse-U relationship between inequality and growth. This inverse-U relationsh...
متن کاملJob Market Paper Inequality and Economic Growth: Bridging the Short-run and the Long-run
I analyze the effect of inequality on growth over different time-frames. In a large cross-country dataset for the period 1950-2007 I find evidence of a short-run (5-year periods) and medium-run (10-year periods) inverse-U relationship between inequality and growth. In the long-run (20-year periods), however, inequality has a negative effect on growth in poor countries, and a positive effect in ...
متن کاملLong-Run Policy Analysis and Long-Run Growth
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ژورنال
عنوان ژورنال: Economic Commentary (Federal Reserve Bank of Cleveland)
سال: 2015
ISSN: 2163-3738,0428-1276
DOI: 10.26509/frbc-ec-201511