Journal article
Infrastructure and inequality: insights from incorporating key economic facts about household heterogeneity
- Abstract:
-
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-improving and that it reduces inequality in wealth, welfare, and income at the same time, if it is financed by a capital tax. Consumption tax financing is also Pareto-improving but distribution-neu...
Expand abstract
- Publication status:
- Published
- Peer review status:
- Peer reviewed
Actions
Access Document
- Files:
-
-
(Accepted manuscript, pdf, 338.9KB)
-
- Publisher copy:
- 10.1017/S1365100516000432
Why is the content I wish to access not available via ORA?
Bibliographic data (the information relating to research outputs) and full-text items (e.g. articles, theses, reports, etc.) arrive in ORA from several different sources. Unfortunately we are not able to make available the full-text for every research output.
Please contact the ORA team (
) if you have queries regarding unavailable content OR if you are aware of a full-text copy we can make available.
) if you have queries regarding unavailable content OR if you are aware of a full-text copy we can make available.
Content may be unavailable for the following four reasons
-
Version unsuitable
-
We have not obtained a suitable full-text for a given research output. See this page for more information.
-
Recently completed
-
Sometimes content is held in ORA but is unavailable for a fixed period of time to comply with the policies and wishes of rights holders.
-
Permissions
-
All content made available in ORA should comply with relevant rights, such as copyright. See this page for more information.
-
Clearance
-
Some thesis volumes scanned as part of the digitisation scheme funded by Dr Leonard Polonsky are currently unavailable due to sensitive material or uncleared third-party copyright content. We are attempting to contact authors whose theses are affected.
Alternative access to the full-text
You may be able to access the full-text directly from the publisher's website using the 'Publisher Copy' link in the 'Links & Downloads' box from a research output's ORA record page. This method may require an institutional or individual subscription to the journal/resource.
Authors
Bibliographic Details
- Publisher:
- Cambridge University Press Publisher's website
- Journal:
- Macroeconomic Dynamics Journal website
- Publication date:
- 2016-08-01
- Acceptance date:
- 2016-01-01
- DOI:
- EISSN:
-
1365-1005
- ISSN:
-
1469-8056
- Source identifiers:
-
658216
Item Description
- Keywords:
- Pubs id:
-
pubs:658216
- UUID:
-
uuid:1efbfdd0-37fe-4843-8255-4744d787ae68
- Local pid:
- pubs:658216
- Deposit date:
- 2016-11-21
Terms of use
- Copyright holder:
- Cambridge University Press
- Copyright date:
- 2016
- Notes:
- © Cambridge University Press 2016. This is the accepted manuscript version of the article. The final version is available online from CUP at: [10.1017/S1365100516000432]
If you are the owner of this record, you can report an update to it here: Report update to this record