Welfare and Fertility in a Neoclassical Olg Growth Model: The Effects of Intra-Generational Tax Policies
AbstractLong-run Output, Welfare and Fertility in a Neoclassical OLG Growth Model. The Effects of Intra-generational Tax Policies - This paper examines the long-run effects of intra-generational tax policies on demographic and macroeconomic variables as well as on the lifetime welfare of the representative generation in a simple Diamond’s OLG model of growth with endogenous fertility. We show that seemingly neutral redistributive tax policies on the younger generation may be very effective as regards both economic growth and welfare. Furthermore, the wage subsidy (tax) rate may be used as a policy instrument for reducing (increasing) population growth. JEL Classification: D91, H24, J13, O41
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Bibliographic InfoArticle provided by FrancoAngeli Editore in its journal STUDI ECONOMICI.
Volume (Year): 2007/93 (2007)
Issue (Month): 93 ()
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Web page: http://www.francoangeli.it/riviste/sommario.asp?IDRivista=59
Find related papers by JEL classification:
- D91 - Microeconomics - - Intertemporal Choice - - - Intertemporal Household Choice; Life Cycle Models and Saving
- H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
- J13 - Labor and Demographic Economics - - Demographic Economics - - - Fertility; Family Planning; Child Care; Children; Youth
- O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
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- Fanti, Luciano & Gori, Luca, 2010. "PAYG pensions, tax-cum-subsidy and optimality," MPRA Paper 20219, University Library of Munich, Germany.
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