Bounded learning by doing,inequality, and multi-sectorgrowth: A middle-class perspective.
This paper develops a multi-sector model of middle-class-led economic growth, whereby (i) learning by doing interacts with scale economies and nonhomothetic preferences giving rise to endogenous growth, and (ii) the “middle class” label is an endogenous outcome of the model, depending on past economic growth. The emphasis is placed on the entire income distribution, which […]
Temporary employment, informality, poverty and inequality
An essential tool in the fight against poverty is the generation of decent jobs through an equitable and inclusive labor market. To achieve this, two fronts of struggle must be addressed. The first is informality, which causes many workers in developing countries to have precarious working conditions and low incomes. The second refers to the […]