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- W2008790732 abstract "This paper offers a survey of the recent literature on the relationship between the equity of the distribution of income or wealth and the rate of growth of an economy. For a large part, this literature arose in connection with the development of « new growth » models which led to a significant change in the way to introduce distributional issues in a growth framework. Of special importance is the fact that several theoretical models point to a positive relationship data seem to confirm such a relationship. Such findings seem to go against the conventional wisdom that equalizing the income distribution would harm growth. However, it is argued in the present paper that the available empirical evidence of a complementarity between equity and growth is presently extremely weak and that the policy implications of such a relationship through available theoretical models are rather ambiguous. In particular, it remains the case that redistribution of current income is detrimental to growth so that more equity must actually be obtained through asset rather than income redistribution. A convincing case may thus been made on the basis of this type of argument in favor of equalizing incomes through fostering education and the accumulation of human capital." @default.
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- W2008790732 date "1998-01-01" @default.
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- W2008790732 title "Equité et croissance économique : une nouvelle analyse ?" @default.
- W2008790732 doi "https://doi.org/10.3406/rfeco.1998.1061" @default.
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