Showing 1 - 10 of 8,188
This paper studies the incidence of tax-transfer policy in a growth model wherein individuals differ according to their level of intergenerational altruism and have an endogenous labor supply. The main results is that public debt is neutral at the macro level but redistributes resources from...
Persistent link: https://www.econbiz.de/10005478905
This paper is a study of money in overlapping generations models with cash-in-advance constraints. We first offer a brief review of different features of cash-in-advance constraint. Then we propose a general formulation and study the neutrality of money. We show that both neutrality and...
Persistent link: https://www.econbiz.de/10005478952
Persistent link: https://www.econbiz.de/10005478953
This paper addresses the issue of optimum population with two concerns : avoiding both the absolute repugnant solution that amounts to giving to an infinite number an infinitesimal amount and the marginal repugnant solution in which equilibrium consumption decresases with income. To avoid these...
Persistent link: https://www.econbiz.de/10005478961
Persistent link: https://www.econbiz.de/10010927013
Persistent link: https://www.econbiz.de/10010927250
Persistent link: https://www.econbiz.de/10005042923
This paper analyses a growth model wherein saving results from bequest-as-consumption. It first looks at the market equilibrium and at the optimal solution. Then it turns to the issue of decentralizing the optimal solution with various taxes and transfers. Depending on the available instruments,...
Persistent link: https://www.econbiz.de/10005669223
Persistent link: https://www.econbiz.de/10005669259
Persistent link: https://www.econbiz.de/10005669353