Abstract

http://ssrn.com/abstract=2042371
 
 

References (26)



 
 

Footnotes (27)



 


 



Is There a 'Double Bonus' from Reducing Inequality?


Akihito Asano


Sophia University

April 2012

Economic Inquiry, Vol. 50, Issue 2, pp. 551-562, 2012

Abstract:     
We study the effect of inequality on growth in an overlapping generations (OLG) model where inequality affects growth through accumulation of human capital and endogenous fertility. In contrast to much of the existing literature, we argue that the effect of inequality on growth might be non‐monotonic. Our model suggests that the effect depends on the demographic stage of development: inequality impedes growth in low‐fertility (high human capital) economies, but enhances growth in high‐fertility (low human capital) economies. Our finding casts doubt on a “double bonus” from reducing inequality in developing countries which are typically characterized by high fertility.

Number of Pages in PDF File: 12

JEL Classification: O40, J13, O15

Accepted Paper Series


Date posted: April 19, 2012  

Suggested Citation

Asano, Akihito, Is There a 'Double Bonus' from Reducing Inequality? (April 2012). Economic Inquiry, Vol. 50, Issue 2, pp. 551-562, 2012. Available at SSRN: http://ssrn.com/abstract=2042371 or http://dx.doi.org/10.1111/j.1465-7295.2010.00343.x

Contact Information

Akihito Asano (Contact Author)
Sophia University ( email )
Tokyo, 102
United States
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References:  26
Footnotes:  27

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