GARCÍA-PEÑALOSA, CECILIA; TURNOVSKY, STEPHEN J. - In: Journal of Money, Credit and Banking 39 (2007) 2-3, pp. 369-394
We develop an endogenous growth model with elastic labor supply, in which agents differ in their initial endowments of physical capital. In this context, the growth rate and the distribution of income are jointly determined. We then examine the distributional impact of different ways of...