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ID 40219
フルテキストURL
タイトル(別表記)
Consumption-tax-financed fertility policy and persistent intergenerational inequality: A preliminary exploration
著者
横尾 昌紀 岡山大学
抄録
The paper incorporates into a standard two-period-lived overlapping generations model with Cobb-Douglas utility and Cobb-Douglas production technology a government that levies a tax on consumption and households that have an opportunity to choose the fertility rate. The government spends all the tax revenue to finance the policy aiming to increase the national birth rate. Each young household faces a binary choice between 'high fertility' and 'low fertility', depending on the level of the government’s expenditure on that policy. The government’s policy together with the fertility choice by the households can give rise to strong nonlinearity in the transition equation of the economy. Numerical simulations show that the economic system exhibits endogenous cyclical or chaotic fluctuations in fertility for a large set of values of consumption tax rates. It is also numerically shown that some (inappropriate) choice of the tax rate by the government can cause persistent intergenerational inequality.
備考
論説 (Article)
発行日
2010-09-10
出版物タイトル
岡山大学経済学会雑誌
出版物タイトル(別表記)
Okayama economic review
42巻
2号
出版者
岡山大学経済学会
出版者(別表記)
The Economic Association of Okayama University
開始ページ
77
終了ページ
87
ISSN
0386-3069
NCID
AN00032897
資料タイプ
学術雑誌論文
関連URL
http://www.e.okayama-u.ac.jp/gakkai/
言語
Japanese
著作権者
岡山大学経済学会
論文のバージョン
publisher
査読
有り
Eprints Journal Name
oer