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Education, Growth, and Redistribution in the Presence of Capital Flight

Chakrabarty, Debajyoti; Chanda, Areendam; Ghate, Chetan - In: Topics in Macroeconomics 6 (2006) 2, pp. 1442-1442

We construct an overlapping generations model to study the effect of capital controls on human capital investments and the incidence of redistributive taxation in a growing economy. We argue that the conventional wisdom linking higher capital controls to lower growth is reproduced only when an...

Persistent link: https://www.econbiz.de/10005086991

Education, Growth, and Redistribution in the Presence of Capital Flight

Chakrabarty, Debajyoti - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2006

We construct an overlapping generations model to study the effect of capital controls on human capital investments and the incidence of redistributive politics in a growing economy. We argue that the conventional wisdom linking higher capital controls to lower growth is reproduced only when an...

Persistent link: https://www.econbiz.de/10005765233

Conspicuous Consumption and Overlapping Generations

Wendner, Ronald - Volkswirtschaftliche Fakultät, … - 2009

This paper investigates household decisions, and optimal taxation in an overlapping generations model in which individual utility depends on a weighted average of consumption of ones peers --- a ``keeping up with the Joneses'' consumption externality. In contrast to representative agent...

Persistent link: https://www.econbiz.de/10005025694

Diamond, Peter (born 1940)

Barr, Nicholas - Palgrave Macmillan

Peter Diamond has made fundamental contributions to economic theory over a wide range of areas including search theory …

Persistent link: https://www.econbiz.de/10009415650

Wealth Distribution and Optimal Inheritance Taxation in Life-Cycle Economies with Intergenerational Transfers

Heer, Burkhard - Volkswirtschaftliche Fakultät, … - 2000

We introduce intergenerational transfers into a general equilihrium life-cycle model in order to explain observed levels of wealth heterogeneity. In our overlapping generations model, heterogenous agents face uncertain lifetime and leave both accidental and voluntary bequests to their cinldren....

Persistent link: https://www.econbiz.de/10005187296

Growth and Keeping up with the Joneses

Wendner, Ronald - Volkswirtschaftliche Fakultät, … - 2009

This paper investigates the impact of the desire to keep up with the Joneses (KUJ) on economic growth and optimal tax policy in a continuous time overlapping generations model with AK technology and gradual retirement. Due to the desire to KUJ, the propensity to consume out of total wealth rises...

Persistent link: https://www.econbiz.de/10008578283

Monetary policy and redistribution: What can or cannot be neutralized with Mirrleesian taxes

Gahvari, Firouz; Micheletto, Luca - Nationalekonomiska Institutionen, Uppsala Universitet - 2012

This paper develops an overlapping-generations model with heterogeneous agents in terms of earning ability and cash-in-advance constraint. It shows that tax pol- icy cannot fully replicate or neutralize the redistributive implications of monetary policy. While who gets the extra money becomes...

Persistent link: https://www.econbiz.de/10009651892

Intergenerational Redistribution with Asymmetric Information: the Case of Non-Observable Savings

Lorz, Oliver - Institut für Weltwirtschaft (IfW) - 1999

This paper analyzes intergenerational redistribution in a 2-period overlapping-generations model of a representative … democracy. The model incorporates redistribution between generations and redistribution within generations, allowing for … political economy equilibrium is not Pareto-efficient. Redistribution results in equal consumption levels of individuals with …

Persistent link: https://www.econbiz.de/10005700602

Inequality, mobility and redistributive politics

Arawatari, Ryo; Ono, Tetsuo - In: Journal of Economic Theory 148 (2013) 1, pp. 353-375

This paper develops a model where income inequality and intergenerational mobility are jointly determined via redistributive politics. The model includes two key factors: accessibility of tertiary education for poor-born agents and multiple self-fulfilling expectations of agents. Given these...

Persistent link: https://www.econbiz.de/10010616899

Inequality, Mobility and Redistributive Politics

Arawatari, Ryo; Ono, Tetsuo - Graduate School of Economics, Osaka University - 2009

This paper develops a model where income inequality and intergenerational mobility are jointly determined via redistributive politics. The model includes two key factors: accessibility of tertiary education for poor-born agents and multiple, selffulfilling expectations of agents. Given these...

Persistent link: https://www.econbiz.de/10008623450

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