The paper analyzes the relation between growth and income inequality in the US during the post-war years (1953–2008). We show that the income of the top income groups is more sensitive to growth, defined broadly as current growth and changes in expectations of future growth, compared to the income of the lower income groups. We provide evidence that this increased sensitivity arises for two rea...

In the United States, highly religious people tend to live longer, have fewer health and mental problems, steal less, volunteer more time, and give away more money than others. Even when other relevant factors are controlled for statistically, these differences persist. Moreover, in many cases the religiosity of the community influences these factors as much as the religiosity of individuals. T...

The analysis that follows tests the regression model of Income Inequality by examining the relation among Gini coefficient, GDP growth rate, saving rate and so on within the same country. The purpose of this study is to test out the relation between income inequality and economic growth rate, and the result suggests that income inequality has a negative impact on economic growth rate in the cas...

Duality theory is pervasive in finite dimensional optimization. There is growing interest in solving infinite-dimensional optimization problems and hence a corresponding interest in duality theory in infinite dimensions. Unfortunately, many of the intuitions and interpretations common to finite dimensions do not extend to infinite dimensions. In finite dimensions, a dual solution is represented...

investment and transfer of technology has no boarders. globalization is a process which affected all economic, social and legal aspects.a destiny which needs adequate decision. in this regard, economic globalization was more important than the other subjects. studying this process and its mechanism is the firs step to making vital decisions. free commercial transaction and international transfe...

The question of nonemptiness of the intersection of a nested sequence of closed sets is fundamental in a number of important optimization topics, including the existence of optimal solutions, the validity of the minimax inequality in zero sum games, and the absence of a duality gap in constrained optimization. We consider asymptotic directions of a sequence of closed sets, and introduce associa...

Social capital is increasingly used in the field of community development and the social economy. This article describes some of the results to emerge from a three-year research project (CONSCISE Project), which looked at the contribution social capital can make to the social economy within local economic development. Following the definition of social capital, the article examines how it can b...