{"type": {"key": "/type/work"}, "title": "Inequality and Growth", "authors": [{"type": {"key": "/type/author_role"}, "author": {"key": "/authors/OL16027438A"}}, {"type": {"key": "/type/author_role"}, "author": {"key": "/authors/OL14074433A"}}, {"type": {"key": "/type/author_role"}, "author": {"key": "/authors/OL4614620A"}}], "description": {"type": "/type/text", "value": "This paper describes the correlations between inequality and the growth rates in cross-country data. Using non-parametric methods, we show that the growth rate is an inverted U-shaped function of net changes in inequality: Changes in inequality (in any direction) are associated with reduced growth in the next period. The estimated relationship is robust to variations in control variables and estimation methods. This inverted U-curve is consistent with a simple political economy model, although, as we point out, efforts to interpret this model causally run into difficult identification problems. We show that this non-linearity is sufficient to explain why previous estimates of the relationship between the level of inequality and growth are so different from one another."}, "key": "/works/OL46190853W", "latest_revision": 1, "revision": 1, "created": {"type": "/type/datetime", "value": "2026-11-10T12:12:05.380598"}, "last_modified": {"type": "/type/datetime", "value": "2026-11-10T12:12:05.380598"}}