Infrastructure and inequality
| dc.contributor.author | Klenert, David Christian | |
| dc.contributor.author | Mattauch, Linus | |
| dc.contributor.author | Edenhofer, Ottmar | |
| dc.contributor.author | Lessmann, Kai | |
| dc.date.accessioned | 2017-01-20T15:46:36Z | |
| dc.date.available | 2017-01-20T15:46:36Z | |
| dc.date.issued | 2016 | |
| dc.description.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-neutral. Only for labor tax financing, a trade-off between equity and efficiency occurs. Additionally we find that agents differ in their preferred tax rates. The results for capital and labor tax financing are valid for both, the case of decreasing and constant returns to accumulable factors. | en |
| dc.identifier.eissn | 1469-8056 | |
| dc.identifier.issn | 1365-1005 | |
| dc.identifier.uri | https://depositonce.tu-berlin.de/handle/11303/6118 | |
| dc.identifier.uri | http://dx.doi.org/10.14279/depositonce-5693 | |
| dc.language.iso | en | en |
| dc.relation.ispartof | 10.14279/depositonce-5567 | |
| dc.rights.uri | http://rightsstatements.org/vocab/InC/1.0/ | en |
| dc.subject.ddc | 330 Wirtschaft | de |
| dc.subject.ddc | 336 Öffentliche Finanzen | de |
| dc.subject.other | public capital | en |
| dc.subject.other | infrastructure | en |
| dc.subject.other | distribution | en |
| dc.subject.other | inequality | en |
| dc.subject.other | heterogeneous saving | en |
| dc.title | Infrastructure and inequality | en |
| dc.title.subtitle | insights from incorporating key economic facts about household heterogeneity | en |
| dc.type | Article | en |
| dc.type.version | acceptedVersion | en |
| dcterms.bibliographicCitation.doi | 10.1017/S1365100516000432 | en |
| dcterms.bibliographicCitation.journaltitle | Macroeconomic dynamics | en |
| dcterms.bibliographicCitation.originalpublishername | Cambridge Univ. Press | en |
| dcterms.bibliographicCitation.originalpublisherplace | Cambridge | en |
| tub.accessrights.dnb | domain | en |
| tub.affiliation | Fak. 6 Planen Bauen Umwelt::Inst. Landschaftsarchitektur und Umweltplanung | de |
| tub.affiliation.faculty | Fak. 6 Planen Bauen Umwelt | de |
| tub.affiliation.institute | Inst. Landschaftsarchitektur und Umweltplanung | de |
| tub.publisher.universityorinstitution | Technische Universität Berlin | en |