Allen, Jeffrey; Chakraborty, Shankha - Volkswirtschaftliche Fakultät, … - 2015
How does inequality motivate people and at what cost? We develop a model of perpetual youth with heterogeneous upward … survival depends on health capital produced from time investment and health goods. Higher fundamental inequality, working … inequality worsen because the poor have less capacity to respond. By diverting resources from health production, aspirations also …