CHOICE OF LOCATION, GROWTH AND WELFARE WITH UNEQUAL POLLUTION EXPOSURES
构建了一个包含人力资本积累的内生增长模型，其中企业污染且个体异质，需选择居住地。研究发现，更好的环境质量或更大的不平等会促使个体选择更清洁的地点，从而促进长期增长；但福利分析显示个体偏好更高的消费和休闲，而非更高的增长和环境质量。
We develop an endogenous growth model with human capital accumulation in which firms are polluting and heterogeneous individuals must decide, among other things, where to live. The main idea is that pollution is unequally spread across geographical locations, inducing a trade-off for individuals between environmental quality and leisure. In such economy, we show that a better environmental quality and/or a greater degree of inequality lead individuals to favour cleaner locations which, in turn, boosts long-term growth. Welfare-wise, we find that, in general, individuals prefer a greater level of consumption and leisure but lower growth and environmental quality than those which are possible to achieve. Moreover, we show that the sign of the impact of inequality on environmental quality is likely to be negative.