Infrastructure and inequality: insights from incorporating key economic facts about household heterogeneity
We study the impacts of investment in public capital on equity and efficiency. Taking into account stylized facts on wealth accumulation, we model agent heterogeneity through differences in saving behavior, income source and time preference. We find that in the long run, public investment is Pareto-...
| Main Authors: | , , , |
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| Format: | Journal article |
| Published: |
Cambridge University Press
2016
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