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Age Structure, Income Distribution and Economic Growth

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Author Info
Rafael Gomez
David K. Foot

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Abstract

A recent body of empirical cross-country research has confirmed that income inequality is negatively related to economic growth. This paper provides an explanatory channel for this observed relationship. The novelty of our approach consists in the use of demographic channels to account for cross-country differentials in economic growth and income distribution. We present four models that have emerged as the most plausible transmission mechanisms linking inequality to slower growth. In each instance we demonstrate how a consideration of demographic age structure can complement the four mainstream accounts.

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File URL: http://economics.ca/cgi/jab?journal=cpp&view=v29s1/CPPv29s1p141.pdf
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Publisher Info
Article provided by University of Toronto Press in its journal Canadian Public Policy.

Volume (Year): 29 (2003)
Issue (Month): s1 (January)
Pages: 141-162
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Handle: RePEc:cpp:issued:v:29:y:2003:i:s1:p:141-162

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  6. Huw Lloyd-Ellis, 2003. "On the Impact of Inequality on Productivity Growth in the Short and Long Term: A Synthesis," Canadian Public Policy, University of Toronto Press, vol. 29(s1), pages 65-86, January. [Downloadable!] (restricted)
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  29. Jason Furman & Joseph E. Stiglitz, 1998. "Economic Crises: Evidence and Insights from East Asia," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 29(1998-2), pages 1-136. [Downloadable!]
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