Inter-Generational Redistribution in an Endogenous Growth Model

This paper applies the Blanchard overlapping generations model to examine the effects of inter-generational redistribution on aggregate growth. The results reveal that whether or not a change in policy causes growth rates to rise or fall depends in part on whether the government has chosen to distribute in favor of the young or old, and in part on household preferences.

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Year of publication:	2005-01-03
Authors:	Kosempel, Stephen ; Banerjee, Robindranath
Published in:	Economics Bulletin. - AccessEcon, ISSN 1545-2921. - Vol. 5.2005, 1, p. 1-6
Publisher:	AccessEcon

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Extent:	application/pdf
Type of publication:	Article
Classification:	E6 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook ; H4 - Publicly Provided Goods
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010630170