Players can choose from four races (Human, Vaneese Human, Seroine and Shadow) and seven classes (Bow, Mystic, Mistress, Paladin, Blader, Rogue, Gunner, and Sorceress). After a comprehensive sensitivity analysis, we conclude that our findings are not distorted by measurement error, reverse causation, hetroskedasticity, or other econometric problems.Karos Returns is a free-to-play MMORPG where players fight their way through quests, guild clashes, large-scale PvP action and castle sieges to bring peace to the fantasy world of Asmara. In both samples we find a statistically significant and quantitatively important negative relation between inequality and growth. A second data set contains post-war evidence from a broad cross-section of developed and less developed countries. A first data set pools historical evidence-which goes back to the mid 19th century-from the US and eight European countries. We then confront the testable empirical implications with two sets of data. The model has a politico-economic equilibrium, which determines a sequence of growth rates depending on structural parameters, political institutions, and initial conditions. In the paper we first formulate a theoretical model that formally captures this idea. To summarize our main argument: in a society where distributional conflict is more important, political decisions are more likely to produce economic policies that allow private individuals to appropriate less of the returns to growth promoting activities, such as accumulation of capital and productive knowledge. Is inequality harmful for growth? We suggest that it is. Transportation Economics in the 21st Century.Training Program in Aging and Health Economics.The Roybal Center for Behavior Change in Health.
Retirement and Disability Research Center.Measuring the Clinical and Economic Outcomes Associated with Delivery Systems.Improving Health Outcomes for an Aging Population.Early Indicators of Later Work Levels, Disease and Death.Conference on Research in Income and Wealth.Boosting Grant Applications from Faculty at MSIs.Productivity, Innovation, and Entrepreneurship.
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