-
作者：Bednar, Steven; Gicheva, Dora
作者单位：Elon University; University of North Carolina; University of North Carolina Greensboro
-
作者：Guvenen, Fatih; Kaplan, Greg; Song, Jae
作者单位：University of Minnesota System; University of Minnesota Twin Cities; National Bureau of Economic Research; Princeton University
-
作者：Hokayem, Charles; Ziliak, James P.
作者单位：University of Kentucky
-
作者：Banerjee, Abhijit; Duflo, Esther; Hornbeck, Richard
作者单位：Massachusetts Institute of Technology (MIT); Harvard University
-
作者：Gentzkow, Matthew
作者单位：University of Chicago
-
作者：Gollier, Christian
作者单位：Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics
摘要：In a growing economy, investing in safe projects raises intergenerational inequalities. This deteriorates social welfare because of inequality aversion, as expressed by decreasing marginal utility of consumption. The social discount rate can be interpreted as the minimum rate of return that is necessary to compensate for the increased inequality generated by the investment. For an intuitive precautionary argument, this growth effect is reduced if growth is uncertain. To complete the picture, i...
-
作者：Hlatshwayo, Sandile; Spence, Michael
作者单位：University of California System; University of California Berkeley
-
作者：McGrattan, Ellen R.; Prescott, Edward C.
作者单位：University of Minnesota System; University of Minnesota Twin Cities; Arizona State University; Arizona State University-Tempe
-
作者：Chan, Hei Sing (Ron); Cropper, Maureen L.; Malik, Kabir
作者单位：University System of Maryland; University of Maryland College Park; The World Bank
-
作者：Deming, David J.
作者单位：Harvard University
