Political Economy of Taxation, Debt Ceilings, and Growth

Ono, Tetsuo; Uchida, Yuki

このアイテムのアクセス数:61件（2020-10-23 15:30 集計）

このアイテムへのリンクには次のURLをご利用ください:http://hdl.handle.net/11094/70091

論文情報

タイトル	Political Economy of Taxation, Debt Ceilings, and Growth
著者	Ono, Tetsuo Ono, Tetsuo
著者	Uchida, Yuki Uchida, Yuki
キーワード等	Capital taxation
	Public debt
	Economic growth
	Probabilistic voting
	Overlapping-generations model
抄録	This study presents an overlapping-generations model with physical and human capital accumulation and considers probabilistic voting over capital and labor taxes and public debt to finance public education expenditure. Our analysis shows that the greater political power of the old induces the government to raise the labor tax on the young and lower the capital tax on the old as well as issue debt. The analysis also shows that the introduction of a debt ceiling rule calls for a rise in the labor tax and thus lowers the welfare of the currently working generation. However, it increases the growth rate, and this growth effect raises the welfare of future generations. These benefits last for a long period even if the rule is imposed only for a limited time.
公開者	Graduate School of Economics and Osaka School of International Public Policy (OSIPP) Osaka University
掲載誌名	Discussion Papers In Economics And Business
巻	18-22
開始ページ	1
終了ページ	42
刊行年月	2018-07
URL	http://hdl.handle.net/11094/70091
関連情報 (references)	http://www2.econ.osaka-u.ac.jp/library/global/dp/1822.pdf
言語	英語
カテゴリ	ディスカッション／ワーキング・ペーパー DP/WP

著者版フラグ	none
NII資源タイプ	テクニカルレポート
ローカル資源タイプ	ディスカッション／ワーキング・ペーパー
dcmi資源タイプ	text
DCTERMS.bibliographicCitation	Discussion Papers In Economics And Business.18-22 P.1-P.42
DC.title	Political Economy of Taxation, Debt Ceilings, and Growth
DC.creator	Ono, Tetsuo
DC.creator	Uchida, Yuki
DC.publisher	Graduate School of Economics and Osaka School of International Public Policy (OSIPP) Osaka University
DC.language" scheme="DCTERMS.RFC1766	英語
DCTERMS.issued" scheme="DCTERMS.W3CDTF	2018-07
DC.identifier" scheme="DCTERMS.URI	http://hdl.handle.net/11094/70091
DC.subject	Capital taxation
	Public debt
	Economic growth
	Probabilistic voting
	Overlapping-generations model
DCTERMS.abstract	This study presents an overlapping-generations model with physical and human capital accumulation and considers probabilistic voting over capital and labor taxes and public debt to finance public education expenditure. Our analysis shows that the greater political power of the old induces the government to raise the labor tax on the young and lower the capital tax on the old as well as issue debt. The analysis also shows that the introduction of a debt ceiling rule calls for a rise in the labor tax and thus lowers the welfare of the currently working generation. However, it increases the growth rate, and this growth effect raises the welfare of future generations. These benefits last for a long period even if the rule is imposed only for a limited time.
citation_title	Political Economy of Taxation, Debt Ceilings, and Growth
citation_author	Ono, Tetsuo
citation_author	Uchida, Yuki
citation_publisher	Graduate School of Economics and Osaka School of International Public Policy (OSIPP) Osaka University
citation_language	英語
citation_date	2018-07
citation_journal_title	Discussion Papers In Economics And Business
citation_volume	18-22
citation_firstpage	1
citation_lastpage	42
citation_public_url	http://hdl.handle.net/11094/70091
citation_keywords	Capital taxation
	Public debt
	Economic growth
	Probabilistic voting
	Overlapping-generations model

論文情報

論文詳細を表示