928 resultados para Luck equality
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Mode of access: Internet.
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"February 1996."
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Mode of access: Internet.
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April 12, 1958.
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Mode of access: Internet.
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"This study was prepared by JEC/GOP staff : Christopher Frenze (author)...--p.13 nt.
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Mode of access: Internet.
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Previously published serially under title: The mahogany ship.
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Includes as annex the Montevideo Consensus on Population and Development
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This paper presents an overlapping generations model with physical and human capital and income inequality. It shows that inequality impedes output growth by directly harming capital accumulation and indirectly raising the ratio of physical to human capital. The convergence speed of output growth equals the lower of the convergence speeds of the relative capital ratio and inequality, and varies with initial states. Among economies with the same balanced growth rate but different initial income levels, the ranking of income can switch in favor of those starting from low inequality and a low ratio of physical to human capital, particularly if the growth rate converges slowly. (C) 2004 Elsevier B.V. All rights reserved.