G2TT
来源类型Discussion paper
规范类型论文
来源IDDP4242
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
URLhttps://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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