Intergenerational policies, public debt, and economic growth : a politico-economic analysis

Material type: 文書・図像類

Author: Arai, Realほか

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

Publication date: 2018-04

Material Format: Paper

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Note (General)：: This study presents a two-period overlapping-generations model with endogenous growth. In each period, the government representing young and old gener...

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Paper

Material Type: 文書・図像類
Title: Intergenerational policies, public debt, and economic growth : a politico-economic analysis
Author/Editor: Arai, Real
Naito, Katsuyuki
Ono, Tetsuo
Author Heading: Arai, Real
https://nrid.nii.ac.jp/nrid/1000070590462
Naito, Katsuyuki
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: 2018-04
Publication Date (W3CDTF): 2018-04
Periodical title: Discussion Papers In Economics And Business
No. or year of volume/issue: 18-12
Volume: 18-12
Pages: 1-3
Text Language Code: eng
Subject Heading: public debt
probabilistic voting
Markov perfect equilibrium
economic growth
Target Audience: 一般
Note (General): This study presents a two-period overlapping-generations model with endogenous growth. In each period, the government representing young and old generations provides a public good financed by labor income taxation and public debt issuance, and the government's policies are determined by probabilistic voting. Increased political power of the old lowers economic growth. A debt-ceiling rule is considered to resolve the negative growth effect, but it creates a trade-off between generations in terms of welfare.
References (URI): http://www2.econ.osaka-u.ac.jp/library/global/dp/1812.pdf
URI
http://www2.econ.osaka-u.ac.jp/library/global/dp/1812.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