Chatterjee, Santanu; Turnovsky, Stephen J. - In: European Economic Review 56 (2012) 8, pp. 1730-1745
, income, and welfare. Government investment increases wealth inequality over time, regardless of its financing. The time path … of income inequality is, however, highly sensitive to financing policies, and is often characterized by sharp … intertemporal tradeoffs, with income inequality declining in the short run but increasing in the long run. Public investment …