Research article

Inequality, mobility, and growth

  • 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.

    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:

  • 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.
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    © 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)
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