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  • 1
    Electronic Resource
    Electronic Resource
    Redistribution and growth: Pareto improvements (1996)
    Springer
    Journal of economic growth 1 (1996), S. 505-523 
    Details
    ISSN: 1573-7020
    Keywords: Endogenous growth ; redistribution ; wealth distribution ; D31 ; D90 ; O30 ; O41
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract This paper analyzes the relationship between income distribution and economic growth. It introduces heterogeneous households who have preferences for leisure into Grossman and Helpman's model of endogenous growth (in which income distribution has no effect on economic growth). Wealth distribution affects the endogenous rate of growth as the labor supply of each individual responds inversely to his permanent income. When the labor Engel curve is concave (convex), unequal wealth distribution decreases (increases) the rate of growth. Pareto-improving-growth-enhancing wealth redistributions are characterized.
    Type of Medium: Electronic Resource
    URL: http://dx.doi.org/10.1007/BF00150199
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