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Intergenerational Transfers of Time and Public Long-term Care with an Aging Population

  • Atsue Mizushima

    ()

    (Graduate School of Economics, Osaka University)

In this paper, we use a two-period overlapping generations model to examine the behavior of an economy that incorporates intergenerational transfers of time. In the first part, we describe the dynamics and steady state of the economy in which there is no government. We show that the rate of life expectancy has negative impact on the steady-state level of the capital stock. In the second part, we study the role and the effect of public long-term care policy. We also show that public long-term care lowers the steady-state level of the capital stock but enhances the welfare when the rate of tax is small.

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File URL: http://www2.econ.osaka-u.ac.jp/library/global/dp/0704.pdf
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Paper provided by Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP) in its series Discussion Papers in Economics and Business with number 07-04.

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Length: 32 pages
Date of creation: Feb 2007
Date of revision:
Handle: RePEc:osk:wpaper:0704
Contact details of provider: Web page: http://www2.econ.osaka-u.ac.jp/library/global/e_HP/e_g_shiryo.html
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