IDEAS home Printed from https://ideas.repec.org/p/cep/stidar/87.html
   My bibliography  Save this paper

Growth and inequality: a demographicexplanation

Author

Listed:
  • Kazutoshi Miyazawa

Abstract

This paper investigates the relationship between growth and inequality froma demographic point of view. In an extended model of the accidental bequest withendogenous fertility, we analyze the effects of a decrease in old-age mortality rate onthe equilibrium growth rate as well as on the income distribution. We show that therelationship between growth and inequality is at first positive and then may benegative in the process of population aging. The results are consistent with theempirical evidence in some developed countries.

Suggested Citation

  • Kazutoshi Miyazawa, 2006. "Growth and inequality: a demographicexplanation," STICERD - Distributional Analysis Research Programme Papers 87, Suntory and Toyota International Centres for Economics and Related Disciplines, LSE.
    • Handle: RePEc:cep:stidar:87
    as

    Download full text from publisher

    File URL: https://sticerd.lse.ac.uk/dps/darp/DARP87titlepage.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Dedry, Antoine & Onder, Harun & Pestieau, Pierre, 2017. "Aging, social security design, and capital accumulation," The Journal of the Economics of Ageing, Elsevier, vol. 9(C), pages 145-155.
    2. Koichi Fukumura & Kohei Nagamachi & Yasuhiro Sato & Kazuhiro Yamamoto, 2020. "Demographics, immigration, and market size," The Japanese Economic Review, Springer, vol. 71(4), pages 597-639, October.
    3. Maksim Yemelyanau, 2009. "Inequality in Belarus from 1995 to 2007," BEROC Working Paper Series 01, Belarusian Economic Research and Outreach Center (BEROC).
    4. Ken Tabata, 2015. "Population Aging and Growth: the Effect of PAYG Pension Reform," Discussion Paper Series 125, School of Economics, Kwansei Gakuin University, revised Jan 2015.
    5. Pestieau, Pierre & Ponthiere, Gregory, 2016. "Longevity Variations And The Welfare State," Journal of Demographic Economics, Cambridge University Press, vol. 82(2), pages 207-239, June.
    6. Klaus Prettner, 2013. "Population aging and endogenous economic growth," Journal of Population Economics, Springer;European Society for Population Economics, vol. 26(2), pages 811-834, April.
    7. Marc Fleurbaey & Marie‐Louise Leroux & Pierre Pestieau & Gregory Ponthiere & Stephane Zuber, 2022. "Premature deaths, accidental bequests, and fairness," Scandinavian Journal of Economics, Wiley Blackwell, vol. 124(3), pages 709-743, July.
    8. Koichi Fukumura & Kohei Nagamachi & Yasuhiro Sato & Kazuhiro Yamamoto, 2017. "Demographics, Immigration, and Market Size," CIRJE F-Series CIRJE-F-1048, CIRJE, Faculty of Economics, University of Tokyo.
    9. Wang, Xinxin & Chen, Kevin Z. & Robinson, Sherman & Huang, Zuhui, 2016. "Will China’s demographic transition exacerbate its income inequality? A CGE modeling with top-down microsimulation:," IFPRI discussion papers 1560, International Food Policy Research Institute (IFPRI).
    10. Hung-Ju Chen, 2010. "Life expectancy, fertility, and educational investment," Journal of Population Economics, Springer;European Society for Population Economics, vol. 23(1), pages 37-56, January.
    11. Ito, Hiroyuki & Tabata, Ken, 2008. "Demographic structure and growth: The effect of unfunded social security," Economics Letters, Elsevier, vol. 100(2), pages 288-291, August.
    12. Ken Tabata, 2015. "Population Aging and Growth: The Effect of Pay-as-You-Go Pension Reform," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, vol. 71(3), pages 385-406, September.
    13. Aso, Hiroki, 2020. "Endogenous lifetime, intergenerational mobility and economic development," MPRA Paper 99582, University Library of Munich, Germany.
    14. Lin Shu-Chin & Huang Ho-Chuan & Kim Dong-Hyeon & Yeh Chih-Chuan, 2009. "Nonlinearity between Inequality and Growth," Studies in Nonlinear Dynamics & Econometrics, De Gruyter, vol. 13(2), pages 1-20, May.
    15. Čobanović, Katarina & Nikolić-Đorić, Emilija & Mutavdžić, Beba, 2007. "Relation of Socio-Economic and Demographic Factors in Rural Development of Serbia," 100th Seminar, June 21-23, 2007, Novi Sad, Serbia and Montenegro 162339, European Association of Agricultural Economists.

    More about this item

    Keywords

    Inequality; Growth; Fertility; Accidental bequest.;
    All these keywords.

    JEL classification:

    • D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
    • J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cep:stidar:87. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://sticerd.lse.ac.uk/_new/publications/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.