Inequality, mobility, and growth

Yu Murayama; Yu Murayama

doi:10.3934/NAR.2019.1.62

National Accounting Review

2019, Volume 1, Issue 1: 62-70. doi: 10.3934/NAR.2019.1.62

Previous Article Next Article

Research article

Inequality, mobility, and growth

Yu Murayama ^,

Faculty of Economics, Oita University, Oita-shi, Japan

Received: 16 August 2019 Accepted: 26 September 2019 Published: 29 September 2019
JEL Codes: J31, J62, O30, O40

Many prior studies on inequality and growth have shown that inequality is harmful to growth. In contrast, employing an overlapping-generations model with missing capital markets, educational investment, and intergenerational mobility, this paper shows that inequality characterized by skill-biased technological change is good for growth.
- economic growth,
- inequality,
- intergenerational mobility,
- skill-biased technological change
Citation: Yu Murayama. Inequality, mobility, and growth[J]. National Accounting Review, 2019, 1(1): 62-70. doi: 10.3934/NAR.2019.1.62

Related Papers:

Abstract

Many prior studies on inequality and growth have shown that inequality is harmful to growth. In contrast, employing an overlapping-generations model with missing capital markets, educational investment, and intergenerational mobility, this paper shows that inequality characterized by skill-biased technological change is good for growth.

References

[1]	Alesina A, Rodrik D (1994) Distributive Politics and Economic Growth. Q J Econ 109: 465-490.
[2]	Andrews D, Leigh A (2009) More Inequality, Less Social Mobility. Appl Econ Lett 16: 1489-1492.
[3]	Barro RJ (2000) Inequality and Growth in a Panel of Countries. J Econ Growth 5: 5-32.
[4]	Getachew YY (2016) Credit constraints, growth and inequality dynamics. Econ Model 54: 364-376.
[5]	Hassler J, Rodríguez Mora JV, Zeira J (2007) Inequality and mobility. J Econ Growth 12: 235-259.
[6]	Maoz YD, Moav O (1999) Intergenerational mobility and the process of development. Econ J 109: 677-697.
[7]	Perotti R (1996) Growth, Income Distribution, and Democracy: What the Data Say. J Econ Growth 1: 149-187. doi: 10.1007/BF00138861
[8]	Persson T, Tabellini G (1994) Is Inequality Harmful for Growth? Am Econ Rev 84: 600-621.
[9]	Rodriguez JP, Rodriguez JG, Salas R (2008) A study on the relationship between economic inequality and mobility. Econ Lett 99: 111-114.

Reader Comments

Your name:*

Email:*
© 2019 the Author(s), licensee AIMS Press. This is an open access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0)