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Vintage Capital and Equality Author info | Abstract | Publisher info | Download info | Related research | Statistics Jovanovic, B.
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If machines are indivisible, a vintage capital model nust give rise to income inequality. If new machines are always better than old ones and if society cannot provide everyone with a new machine all of the time, inequality will result. I explore this mechanism in detail.
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Paper provided by C.V. Starr Center for Applied Economics, New York University in its series Working Papers with number
98-16.
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Length: 31 pages
Date of creation: 1998Date of revision:
Handle: RePEc:cvs:starer:98-16Contact details of provider: Postal: C.V. Starr Center, Department of Economics, New York University, 19 W. 4th Street, 6th Floor, New York, NY 10012 Phone: (212) 998-8936 Fax: (212) 995-3932 Web page: http://econ.as.nyu.edu/object/econ.cvstarr.html More information through EDIRC
Order Information: Postal: C.V. Starr Center, Department of Economics, New York University, 19 W. 4th Street, 6th Floor, New York, NY 10012 Email:
For technical questions regarding this item, or to correct its listing, contact: (Anne Stubing).
Keywords: CAPITAL ; MACHINES ; Other versions of this item:
Find related papers by JEL classification: O30 - Economic Development, Technological Change, and Growth - - Technological Change - - - General
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Cooley, Thomas F. & Greenwood, Jeremy & Yorukoglu, Mehmet, 1997.
"The replacement problem ,"
Journal of Monetary Economics ,
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