Full Citation

Title: Welfare consequences of asymmetric growth

Citation Type: Journal Article

Publication Year: 2016

ISBN:

ISSN:

DOI: 10.1016/J.JEBO.2016.02.003

NSFID:

PMCID:

PMID:

Abstract: Standard models in macroeconomics and development economics imply that growth in the aggregate enhances welfare for everyone in the economy. I show that instead, if economic growth is biased toward the consumption bundle of the rich, the welfare of the poor may fall. I document the relevance of this mechanism during the latter part of the Twentieth Century by showing that new information technology disproportionately benefited sectors consumed by the rich.

Url: https://www.sciencedirect.com/science/article/pii/S0167268116000330

User Submitted?: No

Authors: Murphy, Daniel

Periodical (Full): Journal of Economic Behavior & Organization

Issue:

Volume: 126

Pages: 1-17

Data Collections: IPUMS USA

Topics: Other, Poverty and Welfare

Countries: