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A Schumpeterian Model of Top Income Inequality

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NBER2014-11-01 更新2025-01-04 收录
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Top income inequality rose sharply in the United States over the last 35 years but increased only slightly in economies like France and Japan. Why? This paper explores a model in which heterogeneous entrepreneurs, broadly interpreted, exert effort to generate exponential growth in their incomes. On

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2014-11-01
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