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Journal Article
Income inequality and economic growth: evidence and recent theories

Economic Review , Volume 79 , Issue Jul , Pages 1-10

Journal Article
Regional research and development intensity and earnings inequality

Investment in technology increased rapidly in the United States during the past two decades, leading some to herald the birth of a "new economy." This new economy, marked by rapid productivity growth, rising incomes, low unemployment, and moderate inflation, creates a "rising tide that lifts all boats." However, during the same period U.S. earnings and income inequality increased not only between groups defined by schooling and experience but also within these groups. ; Although many researchers point to technology as the leading explanation for the increase, a cause-effect relationship ...
Economic Review , Volume 86 , Issue Q2 , Pages 13-26

Journal Article
How much do we really know about growth and finance?

During the past twenty-five years, development economists have made a major shift toward a more mainstream, market-oriented approach to the financial sector. Economists now take for granted that a well-developed financial sector contributes to economic growth. But until recently there was surprisingly little solid evidence to support this view. ; This article assesses the econometric evidence about the finance-growth relationship. The author first describes the regression framework that has become the standard for assessing this relationship. He outlines some methodological reservations about ...
Economic Review , Volume 88 , Issue Q1 , Pages 33-47

Journal Article
Does income equality spur growth?

Economics Update , Issue Jan , Pages 4

Working Paper
Political party negotiations, income distribution, and endogenous growth

This paper examines the determination of the rate of growth in an economy in which two political parties, each representing a different social class, negotiate the magnitude and allocation of taxes. Taxes may increase growth if they finance public services but reduce growth when used to redistribute income between classes. The different social classes have different preferences about growth and redistribution. The resulting conflict is resolved through the tax negotiations between the political parties. I use the model to obtain empirical predictions and policy lessons about the relationship ...
FRB Atlanta Working Paper , Paper 95-3

Working Paper
Family structure and sex differences in postdisplacement outcomes

Labor force outcomes after an involuntary job loss tend to differ systematically between men and women, with women experiencing a lower probability of finding another job, a longer average duration of nonemployment, and larger losses in hours given reemployment. This study examines the role of family structure in such sex differences in postdisplacement outcomes. Data from the Panel Study of Income Dynamics indicate that unmarried women have postdisplacement outcomes similar to men whereas married women?s outcomes differ considerably from those of men. The presence of children in the ...
FRB Atlanta Working Paper , Paper 2001-14

Working Paper
Redistribution and fiscal policy

This paper studies the optimal behavior of a democratic government in its use of fiscal policies to redistribute income. I present a stochastic dynamic general equilibrium model with heterogeneous agents to analyze (1) the differences between the effects on the optimal tax rate of permanent and nonpermanent perturbations and (2) the relationship between initial inequality and both steady-state levy and income distribution. In addition, the optimal fiscal policy for the transition is calculated. The analysis leads me to three main conclusions. First, there are no important differences between ...
FRB Atlanta Working Paper , Paper 2002-32

Conference Paper
Lessons from the income maintenance experiments: proceedings of a conference held at Melvin Village, New Hampshire, September 1986

Conference Series ; [Proceedings] , Volume 30 , Issue Sep

Conference Paper
The issues of marital stability and family composition and the income maintenance experiments

Conference Series ; [Proceedings] , Volume 30 , Pages 60-105

Conference Paper
Non-labor-supply responses to the income maintenance experiments

Conference Series ; [Proceedings] , Volume 30 , Pages 106-130

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