タイトル(掲載誌)Discussion Papers In Economics And Business
一般注記* Revised: [14-17, 2015]
* Revised:Economic Growth and the Politics of Intergenerational Redistribution [14-17-Rev., 2015]
This study presents an endogenous growth, overlapping-generations model featuring probabilistic voting over public pensions. The analysis shows that (i) the pension–GDP ratio increases as life expectancy increases in the presence of an annuity market, while it may show a hump-shaped pattern in its absence; (ii) the growth rate is higher in the presence of the annuity market than its absence, but the presence implies an intergenerational trade-off in terms of utility.
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)