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: D3 I2 O4 (search for similar items in EconPapers)
Pages: pages
Date: 1994
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Persistent link: https://EconPapers.repec.org/RePEc:fth:caldav:94-03

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