Showing 101 - 110 of 163
This paper develops an overlapping-generation model featuring four types of households: single female, single male, one-breadwinner couple and two-breadwinner couple. The paper considers majority voting over public pension in the presence of derived pension rights for one-breadwinner couples. In...
Persistent link: https://www.econbiz.de/10009372414
This paper analyzes the determinants of government debt and social security for the old in a closed-economy, overlapping-generation model. Under the probabilistic voting, the model presents (i) an intergenerational link of resource allocation via debt and social security; (ii) multiple political...
Persistent link: https://www.econbiz.de/10009372416
Persistent link: https://www.econbiz.de/10009404132
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
Persistent link: https://www.econbiz.de/10008596138
We develop a two-period, three-class of income model where low-income agents are borrowing constrained because of capital market imperfections, and where redistributive expenditure is financed by tax and government debt. When the degree of capital market imperfection is high, there is an...
Persistent link: https://www.econbiz.de/10008805019
This paper introduces an overlapping-generations model with earnings hetero- geneity and borrowing constraints. The labor income tax and the allocation of tax revenue between social security and forward intergenerational public goods are determined in a bidimensional majoritarian voting game...
Persistent link: https://www.econbiz.de/10010684837
This paper develops an overlapping-generations model with uncertain lifetimes and altruism towards children. The paper characterizes a Markov perfect political equilibrium of voting over two conflicting policy issues, public education for the young and social security for the elderly. The model...
Persistent link: https://www.econbiz.de/10010696314
This paper explores the theoretical linkage between habit and the environment through environmentally harmful consumption affected by habitual behavior. It is shown that habit formation of consumption has both negative and positive effects on environmental quality. Whether the positive effect...
Persistent link: https://www.econbiz.de/10010629521
Persistent link: https://www.econbiz.de/10010713387