Der vorliegende Beitrag nimmt Stellung zum Gesetzentwurf der Bundesregierung über die Feststellung eines Zweiten Nachtrags zum Bundeshaushaltsplan für das Haushaltsjahr 2021 (BT-Drucksache 20/300). Die geplante Zuweisung von 60 Mrd. Euro aus dem Kernhaushalt des Bundes an das Sondervermögen...

In the presence of endogenous growth intergenerational transfer from the young to the old reduce per capita income growth and harm future generations. On the other hand, competitive equilibria are inefficient if externalities sustain long-run growth. This paper shows that if individuals retire...

This paper analyzes the intergenerational incidence of wage and consumption taxes imposed to finance a given amount of public expenditures. It employs a continuous time overlapping genera-tions framework to demonstrate that it essentially hinges on the relationship between the age-earnings and...