@TechReport{iza:izadps:dp8771,
            	author={Henderson, Daniel J. and Qian, Junhui and Wang, Le},
            	title={The Inequality-Growth Plateau},
            	year={2015},
	month={Jan},
            	institution={Institute of Labor Economics (IZA)},
            	address={Bonn},
            	type={IZA Discussion Paper},
            	number={8771},
            	url={https://www.iza.org/index.php/publications/dp8771},
	abstract={We examine the (potentially nonlinear) relationship between inequality and growth using a method which does not require an a priori assumption on the underlying functional form. This approach reveals a plateau completely missed by commonly used (nonlinear) parametric approaches - the economy first expands rapidly with a large decline in inequality, plateaus when inequality remains relatively stable, and then decreases rapidly with a large increase in inequality. This novel finding helps reconcile the conflicting results in the literature (using different parametric assumptions and datasets) and has important policy implications.},
	keywords={inequality;growth;panel data;semiparametric},
            }