Song, Zheng; Storesletten, Kjetil; Wang, Yikai; … - In: American Economic Journal: Macroeconomics 7 (2015) 2, pp. 1-39
We analyze intergenerational redistribution in emerging economies with the aid of an overlapping generations model with endogenous labor supply. Growth is initially high but declines over time. A version of the model calibrated to China is used to analyze the welfare effects of alternative...