Tosun, Mehmet Serkan; Watson, Ethan D.; Yildiz, Serhat - 2022
This paper investigates the effect of firm-level investment on the levels of income inequality and poverty. Using a … associated with various measures of income inequality. This negative association is robust to alternative firm-level capital … expenditures provide benefit to the poor and, thus, decreases income inequality. Our findings indicate that firm-level capital …