Fiscal Policy in an Overlapping Generations Model with Bequest-as-Consumption
AbstractThis paper analyzes an overlapping generation (OLG) growth model wherein saving finances second period consumption and bequest-as-consumption. First, it looks at the market equilibrium and at the optimal solution; then it turns to the issue of decentralizing the optimal solution with various taxes and transfers. Depending on the available instruments, either a first-best or a second-best optimum can be achieved. Throughout the paper, the results are contrasted with those obtained in the standard OLG model without intergenerational transfers. Copyright 2004 Blackwell Publishing Inc..
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Association for Public Economic Theory in its journal Journal of Public Economic Theory.
Volume (Year): 6 (2004)
Issue (Month): 3 (08)
Contact details of provider:
Web page: http://www.blackwellpublishing.com/journal.asp?ref=1097-3923
More information through EDIRC
Other versions of this item:
- MICHEL, Philippe & PESTIEAU, Pierre, . "Fiscal policy in an overlapping generations model with bequest-as-consumption," CORE Discussion Papers RP -1988, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Helmuth Cremer & Pierre Pestieau, 2003.
"Wealth Transfer Taxation: A Survey,"
CESifo Working Paper Series
1061, CESifo Group Munich.
- Helmuth Cremer & ) & Pierre Pestieau, 2003. "Wealth Transfer Taxation: A Survey," Public Economics 0311003, EconWPA.
- Helmuth Cremer & Pierre Pestieau, 2003. "Wealth transfer taxation: a survey," DELTA Working Papers 2003-20, DELTA (Ecole normale supérieure).
- Helmuth Cremer & ) & Pierre Pestieau, 2004. "Wealth Trasfer Taxation: A Survey," Public Economics 0401004, EconWPA.
- Helmuth Cremer & Pierre Pestieau, 2003. "Wealth Transfer Taxation: A Survey," Economics Working Paper Archive wp_394, Levy Economics Institute.
- Carlos Garriga & Fernando Sánchez-Losada, 2009.
"Estate taxation with warm-glow altruism,"
Portuguese Economic Journal,
Springer, vol. 8(2), pages 99-118, August.
- Staffolani, Stefano & Valentini, Enzo, 2007. "Bequest taxation and efficient allocation of talents," Economic Modelling, Elsevier, vol. 24(4), pages 648-672, July.
- Kazi Iqbal & Stephen Turnovsky, 2007.
"Intergenerational Allocation of Government Expenditures: Externalities and Optimal Taxation,"
UWEC-2007-21-P, University of Washington, Department of Economics, revised Oct 2007.
- Kazi Iqbal & Stephen J. Turnovsky, 2008. "Intergenerational Allocation of Government Expenditures: Externalities and Optimal Taxation," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 10(1), pages 27-53, 02.
- Michel, Philippe & Thibault, Emmanuel & Vidal, Jean-Pierre, 2004.
"Intergenerational altruism and neoclassical growth models,"
Working Paper Series
0386, European Central Bank.
- Michel, Philippe & Thibault, Emmanuel & Vidal, Jean-Pierre, 2006. "Intergenerational altruism and neoclassical growth models," Handbook on the Economics of Giving, Reciprocity and Altruism, Elsevier.
- Carlos Garriga & Fernando Sánchez-Losada, 2009.
"Indirect taxation and the welfare effects of altruism on the optimal fiscal policy,"
2009-047, Federal Reserve Bank of St. Louis.
- Garriga, Carlos & Sánchez-Losada, Fernando, 2009. "Indirect taxation and the welfare effects of altruism on the optimal fiscal policy," Economic Modelling, Elsevier, vol. 26(6), pages 1365-1374, November.
- Volker Grossmann & Panu Poutvaara, 2009.
"Pareto-improving bequest taxation,"
International Tax and Public Finance,
Springer, vol. 16(5), pages 647-669, October.
- Volker Grossmann & Panu Poutvaara, 2005. "Pareto-Improving Bequest Taxation," CESifo Working Paper Series 1515, CESifo Group Munich.
- Grossmann, Volker & Poutvaara, Panu, 2006. "Pareto-Improving Bequest Taxation," IZA Discussion Papers 2277, Institute for the Study of Labor (IZA).
- Grossman, Volker & Poutvaara, Panu, 2009. "Pareto-improving bequest taxation," Munich Reprints in Economics 20438, University of Munich, Department of Economics.
- CREMER, Helmuth & PESTIEAU, Pierre, 2004. "The tax treatment of intergenerational wealth transfers," CORE Discussion Papers 2004062, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.