Growth and inequality: a demographicexplanation
AbstractAbstract This paper investigates the relationship between growth and inequality froma demographic point of view. In an extended model of the accidental bequest withendogenous fertility, we analyze the effects of a decrease in old-age mortality rate onthe equilibrium growth rate as well as on the income distribution. We show that therelationship between growth and inequality is at first positive and then may benegative in the process of population aging. The results are consistent with theempirical evidence in some developed countries.
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Bibliographic InfoPaper provided by Suntory and Toyota International Centres for Economics and Related Disciplines, LSE in its series STICERD - Distributional Analysis Research Programme Papers with number 87.
Date of creation: Dec 2006
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Inequality; Growth; Fertility; Accidental bequest.;
Find related papers by JEL classification:
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
- J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
- O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
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- Lin Shu-Chin & Huang Ho-Chuan & Kim Dong-Hyeon & Yeh Chih-Chuan, 2009. "Nonlinearity between Inequality and Growth," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 13(2), pages 1-20, May.
- Hung-Ju Chen, 2010. "Life expectancy, fertility, and educational investment," Journal of Population Economics, Springer, vol. 23(1), pages 37-56, January.
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"Population aging and endogenous economic growth,"
PGDA Working Papers
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- Maksim Yemelyanau, 2009. "Inequality in Belarus from 1995 to 2007," BEROC Working Paper Series 01, Belarusian Economic Research and Outreach Center (BEROC).
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