2013 Fiscal Year Final Research Report
The dynamic political economy of intra-generational wage gap, borrowing constraints and public debt
| Project/Area Number |
23730189
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Multi-year Fund |
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| Research Field |
Economic theory
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| Research Institution | Nagoya University |
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Principal Investigator |
ARAWATARI Ryo 名古屋大学, 経済学研究科(研究院), 准教授 (20547335)
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| Project Period (FY) |
2011 – 2013
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| Keywords | 動学的政治経済学 / 国債 / 世代内賃金格差 / 借入制約 |
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| Research Abstract |
This research belongs to the growing literature on dynamic political economy. This research focuses on an intra-generational wage gap and borrowing constraints, and investigates the interaction between endogenous determination of the size of public debt, social security pension, redistribution policy and macroeconomic performance such as income inequality. As a result of analysis, I found that a change in the intra-generational wage gap or the borrowing constraints alter the voting behavior of agents, and let the size of public debt, social security pension and redistribution become estranged from an effective size in the equilibrium.
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