Income inequality in the USA has increased over the past four decades. Socioeconomic gaps in survival have also increased. Life expectancy has risen among middle-income and high-income Americans whereas it has stagnated among poor Americans and even declined in some demographic groups. Although the increase in income inequality since 1980 has been driven largely by soaring top incomes, the wide...

Abstract In this paper, we develop a simple multi-technology overlapping generations model that exhibits wide variety of economic development patterns. particular, our numerical simulations demonstrate for given set parameter values, various types patterns such as the middle-income trap, poverty periodic or chaotic fluctuations, and high-income paths can coexist, which pattern is realized depen...

The concept of the middle-income trap (MIT) suggests that economies in range face difficulty progressing to high-income stage over a prolonged period. Escaping MIT has been significant topic, particularly South Asia. key solution this economic challenge lies enhancing ease doing business (EDB), primarily by promoting startups. India witnessed substantial growth startups since 2010. Despite favo...