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

Arai, Real; Naito, Katsuyuki; Ono, Tetsuo

Discussion Papers In Economics And Business, 2018, 18-12, 1-3

アクセス数:370件（2025-07-03 18:21 集計）

固定URL: https://hdl.handle.net/11094/68316

論文情報

ファイル出力 EndNote Basic出力 Mendeley出力

タイトル
Intergenerational policies, public debt, and economic growth : a politico-economic analysis
著者
NRID
1000070590462 1000070590462
著者名
Arai, Real
著者名
Naito, Katsuyuki
NRID
1000050305661 1000050305661
ORCID
0000-0002-9838-828X 0000-0002-9838-828X
researchmap permalink
tono tono
Scopus Author ID
7403947415 7403947415
著者名
Ono, Tetsuo
キーワード等
public debt
probabilistic voting
Markov perfect equilibrium
economic growth
抄録
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.
出版者
Graduate School of Economics and Osaka School of International Public Policy (OSIPP), Osaka University
収録物名
Discussion Papers In Economics And Business
巻(号)
18-12
ページ
1-3
刊行年月
2018-04
言語
英語
ハンドルURL
https://hdl.handle.net/11094/68316
NCID
AA1160366X
関連情報 (references)
URI
http://www2.econ.osaka-u.ac.jp/library/global/dp/1812.pdf
アクセス権
metadata only access
カテゴリ
ディスカッション／ワーキング・ペーパー DP/WP
Discussion Papers In Economics And Business