Political Equilibrium, Income Distribution, and Growth

@article{Perotti1993PoliticalEI,
  title={Political Equilibrium, Income Distribution, and Growth},
  author={R. Perotti},
  journal={The Review of Economic Studies},
  year={1993},
  volume={60},
  pages={755-776}
}
  • R. Perotti
  • Published 1993
  • Economics
  • The Review of Economic Studies
This paper analyzes the impact of income distribution on growth when investment in human capital is the source of growth and individuals vote over the degree of redistribution in the economy. The model has three main features. First, very different patterns of income distribution are conducive to high growth at different levels of per capita income. Second, growth is associated with an externality whereby investment in human capital by one group increases the productivity of other groups, thus… Expand
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