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Stabilizing Competitive Cycles with Distortionary Taxation

Koskela, Erkki; Puhakka, Mikko - 2021

We utilize a simple overlapping generations model with a balanced budget rule to study the effect of distortionary taxation on cycles and local stability of equilibria. We show that under proportional taxation there is a critical tax rate above which cycles will vanish, while in the case of...

Persistent link: https://www.econbiz.de/10013319917

Existence, Multiplicity and Dynamic Complexity in an OLG Model with Fiscal Policy and Debt

Baiardi, Lorenzo Cerboni; Naimzada, Ahmad - 2018

We consider the overlapping generation model formulated in Dioikitopoulos (2018) that tackles the problem of fiscal policy rules for debt sustainability, allowing for the presence of debt bubbles. The author gives conditions for sustainability achievement in terms of debt and capital control...

Persistent link: https://www.econbiz.de/10012913812

Intergenerational Transfers, Lifetime Welfare and Resource Preservation

Valente, Simone - 2007

This paper analyzes overlapping-generations models where natural capital is owned by selfish agents. Transfers in favor of young agents reduce the rate of depletion and increase output growth. It is shown that intergenerational transfers may be preferred to laissez-faire by an indefinite...

Persistent link: https://www.econbiz.de/10014054320

Chapter 12. Taxation, Pensions, and Demographic Change

Woodland, A. - In: Handbook of the economics of population aging : Volume 1, (pp. 713-780). 2016

This chapter provides a review of some implications of demographic shift arising from population aging for fiscal policy, taxation policy, and social security settings. The key implications of population aging that have been forthcoming from the many national and international macroeconomic...

Persistent link: https://www.econbiz.de/10014023468

Social Security Parameterization Under Skills Heterogeneity and the Provision of a Subsistence Pension

Thomaidou, Dr. Fotini - 2015

This paper explores the partial equilibrium effects of the social security system in an overlapping generations economy, where individuals are distinguished according to their skills/productivity type. The emphasis is placed on building a parameterized model of the social security system in a...

Persistent link: https://www.econbiz.de/10014170087

The optimal babel : an economic framework for the analysis of dynamic language rights

Wickström, Bengt-Arne - 2010

We analyze various normatively determined distributions of language rights in multilingual settings. A general model for the analysis of language rights over time in a model with overlapping generations is set up. This model is then first used to find efficient allocations of rights in the...

Persistent link: https://www.econbiz.de/10003938698

Après nous le déluge? : direct democracy and intergenerational conflicts in aging societies

Ahlfeldt, Gabriel M.; Maennig, Wolfgang; Steenbeck, Malte - 2016 - Version: January 2016

To assess the likely effects of population ageing on the outcomes of direct democracy, we analyze the effect of age on voting decisions in public referenda. To this end, we provide the first quantitative review of the literature and a case study of the Stuttgart 21 referendum on one of the...

Persistent link: https://www.econbiz.de/10011428873

Après nous le déluge? : direct democracy and intergenerational conflicts in ageing societies

Ahlfeldt, Gabriel M.; Maennig, Wolfgang; Steenbeck, Malte - 2016 - Version: January 2016

Persistent link: https://www.econbiz.de/10011434471

Dynamic efficiency and Pareto Optimality in a stochastic OLG model with production and social security

Barbie, Martin; Hagedorn, Marcus; Kaul, Ashok - 2000 - Revised, June 2000

We analyze the interaction between risk sharing and capital accumulation in a stochastic OLG model with production. We … for a social security system. Social security can provide insurance against macroeconomic risk, namely aggregate … productivity risk in the second period of life (old age) through dynamic risk sharing. We briefly relate our results to models …

Persistent link: https://www.econbiz.de/10011539178

Altruism and egoism : measurable by utility discount rates?

Bayer, Stefan - 2000

We analyze the role of "the" utility discount rate and its implications to generation-specific and societal altruism and egoism, respectively, in a neoclassical framework. It is worked out clearly, that two different utility discount rates have to be distinguished: An (inverse)...

Persistent link: https://www.econbiz.de/10010457731