We argue that with interdependent utility functions growth can lead to a decline in total welfare of a society if the … gains from growth are sufficiently unequally distributed in the presence of negative externalities, i.e., envy. …

We argue that with interdependent utility functions growth can lead to a decline in total welfare of a society if the … gains from growth are sufficiently unequally distributed in the presence of negative externalities, i.e., envy. …

We argue that with interdependent utility functions growth can lead to a decline in total welfare of a society if the … gains from growth are sufficiently unequally distributed in the presence of negative externalities, i.e., envy. …

We argue that with interdependent utility functions growth can lead to a decline in total welfare of a society if the … gains from growth are sufficiently unequally distributed in the presence of negative externalities, i.e., envy. …

In recent years, an ample literature has emerged on the evolution of global inequality during the last two decades. A … few stylized facts emerge. If one weights countries by their population, then inequality across countries has declined … increasing inequality. Which view is the correct one? In this paper, we use the 2004 version of the World Bank’s World …

We argue that with interdependent utility functions growth can lead to a decline in total welfare of a society if the … gains from growth are sufficiently unequally distributed in the presence of negative externalities, i.e., envy …

heterogeneity. As is well known, heterogeneity in time preference results in substantial inequality. This paper shows that, even if … households have heterogeneous preferences, there is a balanced growth path on which all the optimality conditions of all … heterogeneity may more correctly measure people’s “happiness.” However, it also indicates that inequality is necessary for …

While there is little doubt that innovations drive economic growth, their effects on well-being are less clear. One …

While there is little doubt that innovations drive economic growth, their effects on well-being are less clear. One …

between a microeconomic section on the determinants of remittances and a macroeconomic section on their growth effects. At the …-run impact of remittances. We then use an endogenous growth framework to describe the growth potential of remittances and present … the evidence for different growth channels. There is considerable evidence that remittances (in the form of savings …