タイトル(掲載誌)Discussion Papers In Economics And Business
一般注記This paper analyzes the determinants of government debt and social security forthe old in a closed-economy, overlapping-generation model. Under the probabilisticvoting, the model presents (i) an intergenerational link of resource allocation viadebt and social security; (ii) multiple political equilibria; and (iii) a negative cor-relation between tax and debt. These three results are robust to the introductionof public goods as an alternative government expenditure or to the introduction ofincome heterogeneity within a generation.
連携機関・データベース国立情報学研究所 : 学術機関リポジトリデータベース(IRDB)(機関リポジトリ)