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Intergenerational Redistribution in the Great Recession

Glover, Andrew - 2011

In this paper we construct a stochastic overlapping-generations general equilibrium model in which households are subject to aggregate shocks that affect both wages and asset prices. We use a calibrated version of the model to quantify how the welfare costs of severe recessions are distributed...

Persistent link: https://www.econbiz.de/10012461733

Inflation as a Redistribution Shock : Effects on Aggregates and Welfare

Doepke, Matthias - 2006

to borrowers. In this study, we consider redistribution as a channel for aggregate and welfare effects of inflation. We …-generations model of the U.S. economy. While the redistribution shock is zero sum, households react asymmetrically, mostly because … increase in savings. Even though inflation-induced redistribution has a persistent negative effect on output, it improves the …

Persistent link: https://www.econbiz.de/10012466346

Intergenerational Earnings Mobility, Inequality, and Growth

Owen, Ann L. - 1997

We examine a model in which per capita income, inequality, intergenerational mobility, and returns to education are all determined endogenously. Individuals earn wages depending on their ability, which is a random variable. They purchase an education with transfers received from their parents,...

Persistent link: https://www.econbiz.de/10012472744

Redistributive Effects of Different Pension Systems When Longevity Varies by Socioeconomic Status

Sánchez-Romero, Miguel - 2019

We propose a general analytical framework to model the redistributive features of alternative pension systems when individuals face ex ante differences in mortality. Differences in life expectancy between high and low socioeconomic groups are often large and have widened recently in many...

Persistent link: https://www.econbiz.de/10012479894

Shaping Inequality and Intergenerational Persistence of Poverty : Free College or Better Schools

Krueger, Dirk; Ludwig, Alexander; Popova, Irina - National Bureau of Economic Research - 2024

We evaluate the aggregate, distributional and welfare consequences of alternative government education policies to encourage college completion, such as making college free and improving funding for public schooling. To do so, we construct a general equilibrium overlapping generations model with...

Persistent link: https://www.econbiz.de/10014544745

Aggregate and Distributional Effects of ‘Free' Secondary Schooling in the Developing World

Fujimoto, Junichi; Lagakos, David; VanVuren, Mitchell - National Bureau of Economic Research - 2023

This paper analyzes the aggregate and distributional effects of publicly funded merit-based ('free') secondary schooling in the developing world. Our analysis is based on an overlapping-generations model of human capital accumulation in which households face borrowing constraints that can lead...

Persistent link: https://www.econbiz.de/10014247950

High Marginal Tax Rates on the Top 1%? Lessons from a Life Cycle Model with Idiosyncratic Income Risk

Kindermann, Fabian - 2014

fiscal policies that achieve a desired degree of redistribution in society. We find that marginal tax rates on the top 1% of …

Persistent link: https://www.econbiz.de/10012458064

Intergenerational Redistribution with Short-Lived Governments

Grossman, Gene M. - 1996

We study the politics of intergenerational redistribution in an overlapping generations model with short …

Persistent link: https://www.econbiz.de/10012473417

Generational Accounts, Aggregate Saving and Intergenerational Distribution

Buiter, Willem H. - 1995

(re-)distribution associated with the government's provision of public goods and services. Third, generational accounting …

Persistent link: https://www.econbiz.de/10012473800

Finite Lifetimes and Growth

Jones, Larry E. - 1990

, while for sufficiently high rates it is negative. Additionally, income redistribution to the young will normally have …

Persistent link: https://www.econbiz.de/10012475558