Inequality and Public Debt : A Positive Analysis

Material type: 文書・図像類

Author: Arawatari, Ryoほか

Publisher: Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University

Publication date: 2015-09

Material Format: Paper

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Note (General)：: * Revised： [15-01, 2015]This study extends the multi-country, politico-economic model of fiscal policy developed by Song, Storesletten, and Zilibotti ...

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Paper

Material Type: 文書・図像類
Title: Inequality and Public Debt : A Positive Analysis
Author/Editor: Arawatari, Ryo
Ono, Tetsuo
Author Heading: Arawatari, Ryo
https://nrid.nii.ac.jp/nrid/1000020547335
Ono, Tetsuo
https://nrid.nii.ac.jp/nrid/1000050305661
Publication, Distribution, etc.: Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University
Publication Date: 2015-09
Publication Date (W3CDTF): 2015-09
Periodical title: Discussion Papers In Economics And Business
No. or year of volume/issue: 15-01-Rev.
Volume: 15-01-Rev.
Pages: 1-24
Text Language Code: eng
Subject Heading: fiscal policy
inequality
probabilistic voting
public debt
small open economies
Target Audience: 一般
Note (General): * Revised： [15-01, 2015]
This study extends the multi-country, politico-economic model of fiscal policy developed by Song, Storesletten, and Zilibotti (2012) to incorporate wage inequality within each country. In this extended framework, we present conflict within and across generations over fiscal policy and show that a low-inequality country realizes tight fiscal policy with low public debt accumulation, whereas a high-inequality country experiences loose fiscal policy with high public debt accumulation. This model prediction is consistent with empirical evidence from OECD countries for the past three decades.
Periodical Title (NCID): AA1160366X
https://ci.nii.ac.jp/ncid/AA1160366X
References (URI): URI
http://www2.econ.osaka-u.ac.jp/library/global/dp/1501R.pdf
Data Provider (Database): 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）
https://irdb.nii.ac.jp
Original Data Provider (Database): 大阪大学 : 大阪大学学術情報庫　桜華