Politico-economic analysis of redistribution policies
| Project/Area Number |
15K03509
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Multi-year Fund |
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| Section | 一般 |
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| Research Field |
Public finance/Public economy
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| Research Institution | Osaka University |
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Principal Investigator |
Ono Tetsuo 大阪大学, 経済学研究科, 教授 (50305661)
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| Project Period (FY) |
2015-04-01 – 2018-03-31
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| Project Status |
Completed (Fiscal Year 2017)
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| Budget Amount *help |
¥4,290,000 (Direct Cost: ¥3,300,000、Indirect Cost: ¥990,000)
Fiscal Year 2017: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2016: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2015: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000)
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| Keywords | 失業 / 経済成長 / 投票 / 世代間厚生 / 社会保障 / 人的資本 / 教育選択 / 厚生 / 年金 / 公教育 / 国債 / 世代重複モデル / 高齢化 |
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| Outline of Final Research Achievements |
This project includes three studies. First, I examine how debt and tax financing differ in terms of growth and welfare across generations, as well as which fiscal stance voters support. The analysis shows that the growth rate in debt financing is lower than that in tax financing, and that debt financing creates a tradeoff between generations. Second, I present voting over public pensions, and show that the growth rate is higher in the presence of an annuity market than in its absence, but its presence implies an intergenerational trade-off in terms of utility. Third, I present a model featuring collective wage-bargaining and voting over fiscal policy, and show that an increase in the political power of elderly persons lowers the growth rate and shifts government expenditure from unemployed persons to elderly ones; and that prohibiting debt finance increases the growth rate and benefits future generations; however, it worsens the state of present-day employed and unemployed persons.
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Report
(4 results)
Research Products
(4 results)
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[Presentation] Inequality and education choice2017
Author(s)
Tetsuo Ono
Organizer
THE 2ND BELGIAN-JAPANESE PUBLIC FINANCE WORKSHOP
Place of Presentation
Universite Catholique de Louvain , Center for Operations Research and Econometrics（CORE)
Year and Date
2017-03-02
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