| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4242 |
| DP4242 The Firm as a Pool of Factor Complementarities | |
| Dennis Snower; Assar Lindbeck | |
| 发表日期 | 2004-02-23 |
| 出版年 | 2004 |
| 语种 | 英语 |
| 摘要 | This Paper explores the effects of a menu of inter-generational fiscal policies (public debt financed by taxes, PAYG social security system and inheritance taxation) in an overlapping generations model with perfect altruism. It generalizes the model by Barro (1974) by introducing intra-generational heterogeneity. In other words, households differ in productivity and altruism. Within such a model wealth is entirely held in the steady-state by the families with the highest degree of altruism. Under plausible assumptions both public debt and social security are neutral à la Ricardo, while increasing inequality. Also, estate taxation can be Pareto worsening even though it fosters income equality. |
| 主题 | Public Economics |
| 关键词 | D64 altruism Public debt Social security Estate tax |
| URL | https://cepr.org/publications/dp4242 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533208 |
| 推荐引用方式 GB/T 7714 | Dennis Snower,Assar Lindbeck. DP4242 The Firm as a Pool of Factor Complementarities. 2004. |
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