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The Aging Population and the Size of the Welfare State
Razin, Assaf - 2001
Data for the United States and countries in Western Europe indicate a negative correlation between the dependency ratio and labor tax rates and the generosity of social transfers, after controlling for other factors that influence the size of the welfare state. This is despite the increased...
Persistent link: https://www.econbiz.de/10012470315
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Generational Policy
Kotlikoff, Laurence J. - 2001
Generational policy is a fundamental aspect of a nation's fiscal affairs. The policy involves redistributing resources across generations and allocating to particular generations the burden of paying the government's bills. This chapter of the second edition of The Handbook of Public Economics...
Persistent link: https://www.econbiz.de/10012470563
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Intergenerational Redistribution with Short-Lived Governments
Grossman, Gene M. - 1996
We study the politics of intergenerational redistribution in an overlapping generations model with short …
Persistent link: https://www.econbiz.de/10012473417
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The Politics of Intergenerational Redistribution
Tabellini, Guido - 1989
second generation. The paper characterizes the determinants of the equilibrium intergenerational redistribution carried out … redistribution. The key features of the model are heterogeneity within each generation and altruism across generations …
Persistent link: https://www.econbiz.de/10012475988
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Public Economics and Inequality : Uncovering Our Social Nature
Saez, Emmanuel - National Bureau of Economic Research - 2021
This paper argues that the social nature of humans, absent from the standard economic model, is crucial to understand our large modern social states and why concerns about inequality are so pervasive. A social solution arises when a situation is resolved at the group level (rather than the...
Persistent link: https://www.econbiz.de/10012482605
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The Evolution of Ideology, Fairness and Redistribution
Alesina, Alberto F. - 2009
redistribution. We study the dynamic evolution of different economies in which redistributive policies, perceptions of fairness … inequality, redistribution and growth. We also show how different beliefs about fairness can keep two otherwise identical …
Persistent link: https://www.econbiz.de/10012463062
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The Effects of Income Mobility and Tax Persistence on Income Redistribution and Inequality
Agranov, Marina - 2016
redistribution in democratic societies. An infinite-horizon theoretical model is developed, and the properties of the equilibrium tax … experiment is conducted to test the main comparative static predictions of the theory, and the results are generally supportive …
Persistent link: https://www.econbiz.de/10012455921
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Finite Lifetimes and Growth
Jones, Larry E. - 1990
, while for sufficiently high rates it is negative. Additionally, income redistribution to the young will normally have …
Persistent link: https://www.econbiz.de/10012475558
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Inflation as a Redistribution Shock : Effects on Aggregates and Welfare
Doepke, Matthias - 2006
to borrowers. In this study, we consider redistribution as a channel for aggregate and welfare effects of inflation. We …-generations model of the U.S. economy. While the redistribution shock is zero sum, households react asymmetrically, mostly because … increase in savings. Even though inflation-induced redistribution has a persistent negative effect on output, it improves the …
Persistent link: https://www.econbiz.de/10012466346
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Intergenerational Redistribution in the Great Recession
Glover, Andrew - 2011
In this paper we construct a stochastic overlapping-generations general equilibrium model in which households are subject to aggregate shocks that affect both wages and asset prices. We use a calibrated version of the model to quantify how the welfare costs of severe recessions are distributed...
Persistent link: https://www.econbiz.de/10012461733