| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14746 |
| DP14746 Progressive Sovereign Wealth Funds | |
| Giacomo Corneo | |
| 发表日期 | 2020-05-11 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | A government with a good financial reputation could use its borrowing power to build a sovereign wealth fund that mainly invests in the world stock market. In expectation, it would gain the equity risk premium multiplied by the size of the fund. That gain could be earmarked to a social dividend, which would reduce income inequality. This paper develops a simple model in which the creation of such a fund generates a Pareto improvement. Then, it derives a formula for its socially optimal size and proposes an institutional framework for its management. Finally, it compares this policy with one of promoting popular capitalism. |
| 主题 | Public Economics |
| 关键词 | Income inequality Public ownership |
| URL | https://cepr.org/publications/dp14746 |
| 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/543670 |
| 推荐引用方式 GB/T 7714 | Giacomo Corneo. DP14746 Progressive Sovereign Wealth Funds. 2020. |
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