Does wealth inequality matter for growth? The effect of billionaire wealth, income distribution, and poverty

Relative child poverty, income inequality, wealth, and health.

ABUNDANT EVIDENCE NOW SUGGESTS THAT LIVING IN relative poverty and exposure to relative income inequality, especially in childhood, may have a detrimental influence on health and well-being during childhood and across the life course. This Commentary discusses the importance of relative poverty in childhood and the implications of income inequality for population health. Child relative poverty ...

The pattern of income distribution and wealth from the perspective of the Holy Quran

Abstract An optimal pattern is expected to simplify complex phenomena on a small scale. The pattern of income distribution and wealth from the perspective of the Holy Quran to the systematic set of foundations and infrastructures (such as the true ownership of God (his will) on existence, the substitution of man and the trustworthiness of property in his hands); goals (spirituality, justice ...

The Dynamics of Wealth Inequality and the Effect of Income Distribution

The rapid increase of wealth inequality in the past few decades is one of the most disturbing social and economic issues of our time. Studying its origin and underlying mechanisms is essential for policy aiming to control and even reverse this trend. In that context, controlling the distribution of income, using income tax or other macroeconomic policy instruments, is generally perceived as eff...

Poverty Traps, Indeterminacy, and the Wealth Distribution

In the present paper we consider a one-sector growth model in continuous time with a production externality and endogenous labor supply. There is a continuum of households who have identical preferences but differ with respect to their initial wealth. We show that there exist economies such that an indeterminate steady state exists for some wealth distribution but not for others. A second resul...

Growth and Development with Income and Wealth Distribution