Skewness, Growth and the Elimination of Poverty

John Roemer ()

Working Papers from California Davis - Institute of Governmental Affairs

Abstract: Several 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.

Keywords: POVERTY; EDUCATION; ECONOMIC GROWTH; INCOME DISTRIBUTION (search for similar items in EconPapers)
JEL-codes: I2 D3 O4 (search for similar items in EconPapers)
Date: 1994

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Address: UNIVERSITY OF CALIFORNIA DAVIS, INSTITUTE OF GOVERNMENTAL AFFAIRS, RESEARCH PROGRAM IN APPLIED MACROECONOMICS AND MACRO POLICY, DAVIS CALIFORNIA 95616 U.S.A.
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