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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

Social Security and Redistribution Within Generations in an Overlapping-Generations Model

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

democracy with asymmetric information. The model considers not only redistribution between generations but also redistribution …, consumption levels are perfectly equalized within both generations. Second, a redistribution bias exists in favor of the old …

Persistent link: https://www.econbiz.de/10005818784

The Political Economy of Intra- and Intergenerational Redistribution with Asymmetric Information

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

In this paper redistribution policy is analyzed in a 2-period overlapping generations model with heterogeneous …

Persistent link: https://www.econbiz.de/10005818844

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

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

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

Social inequality : classical and contemporary theorists

Grabb, Edward G. - 1984

Persistent link: https://www.econbiz.de/10004023111

Theorien sozialer Ungleichheit

Kirchhoff-Hund, Bärbel - 1981 - 1. - 2. Tsd.

Persistent link: https://www.econbiz.de/10004583150

Junior must pay: pricing the implicit put in privatizing Social Security

Constantinides, G. M.; Donaldson, J. B.; Mehra, R. - In: Annals of Finance 1 (2005) 1, pp. 1-34

Proposals that a portion of the Social Security Trust Fund assets be invested in equities entail the possibility that a severe decline in equity prices will render the Fund’s assets insufficient to provide the currently mandated level of benefits. In this event, existing taxpayers may be...

Persistent link: https://www.econbiz.de/10005701361

Review of Pension Schemes Under Segmented and Asymmetric Labor Market

Dayangac, Renginar; Ozturk, Bilge - Society for Computational Economics - SCE - 2004

This paper analyses the pension system in Turkey using Computable General Equilibrium (CGE) and Overlapping Generations Models (OLG). The objective of the paper is to evaluate the effects of current pension policies on the macroeconomic aggregates when a segmented and asymmetric labor market is...

Persistent link: https://www.econbiz.de/10005706544