2009 Fiscal Year Final Research Report
A Welfare Analysis of Economic Inequality with Microeconomic Household Behavior
| Project/Area Number |
19730148
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Single-year Grants |
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| Research Field |
Economic theory
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| Research Institution | Meiji University (2009)
Rissho University (2007-2008) |
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Principal Investigator |
YAMADA Tomoaki Rissho University, 商学部, 准教授 (00440206)
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| Project Period (FY) |
2007 – 2009
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| Keywords | 動学的一般均衡理論 / 消費・貯蓄 / 社会保障 / 経済格差 / 数値計算 |
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| Research Abstract |
The purpose of this project is to investigate quantitative importance of economic inequality and redistribution policy on macroeconomy using a dynamic stochastic general equilibrium with heterogeneous households who face uninsurable idiosyncratic income risks. There are two contributions in this project : First, I find a politically feasible social security reform, which improves welfare of future generations with political support of current generations, in a model with heterogeneous households. Second, the total factor productivity creates not only business cycle but economic inequality dynamics.
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