Growth and inequality: a demographic explanation

Kazutoshi Miyazawa

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: This paper investigates the relationship between growth and inequality from a demographic point of view. In an extended model of the accidental bequest with endogenous fertility, we analyze the effects of a decrease in the old-age mortality rate on the equilibrium growth rate as well as on the income distribution. We show that the relationship between growth and inequality is at first positive and then may be negative in the process of population aging. The results are consistent with the empirical evidence in some developed countries.

Keywords: Inequality; Growth; Fertility; Accidental bequest (search for similar items in EconPapers)
JEL-codes: D31 J13 O41 (search for similar items in EconPapers)
Pages: 22 pages
Date: 2005-07
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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http://eprints.lse.ac.uk/6546/ Open access version. (application/pdf)

Related works:
Journal Article: Growth and inequality: a demographic explanation (2006)
Working Paper: Growth and Inequality: A Demographic Explanation (2005)
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Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:6546

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