Skewness, Growth and the Elimination of Poverty
AbstractSeveral recent papers on the political economy of growth have argued that increased skewness in the distribution of wealth/income induces slower growth. In the present model, investment, viewed as education, comes from two sources : a public component, financed by taxes and equally distributed across all citizens, and a private one, chosen optimally by the individual. The growth rate is shown to rise with increased skewness.
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Bibliographic InfoPaper provided by California Davis - Institute of Governmental Affairs in its series Papers with number 94-03.
Date of creation: 1994
Date of revision:
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Postal: UNIVERSITY OF CALIFORNIA DAVIS, INSTITUTE OF GOVERNMENTAL AFFAIRS, RESEARCH PROGRAM IN APPLIED MACROECONOMICS AND MACRO POLICY, DAVIS CALIFORNIA 95616 U.S.A.
POVERTY; EDUCATION; ECONOMIC GROWTH; INCOME DISTRIBUTION;
Find related papers by JEL classification:
- I2 - Health, Education, and Welfare - - Education
- D3 - Microeconomics - - Distribution
- O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
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