Government Debt and Capital Accumulation in the Blanchard-Cass-Yaari OLG Model

2001 ◽  
Author(s):  
Bo Sandemann Rasmussen
Keyword(s):  
Capital Accumulation ◽  
Government Debt ◽  
Olg Model

scholarly journals Capital Accumulation and Fiscal Policy in an OLG Model with Family Altruism

2006 ◽  
Vol 8 (3) ◽  
pp. 465-486 ◽  
Author(s):  
STEPHANE LAMBRECHT ◽  
PHILIPPE MICHEL ◽  
EMMANUEL THIBAULT
Keyword(s):  
Fiscal Policy ◽  
Capital Accumulation ◽  
Olg Model

Bequests, Golden-age Capital Accumulation and Government Debt

Economica ◽  
1979 ◽  
Vol 46 (184) ◽  
pp. 403 ◽  
Author(s):  
John P. Laitner
Keyword(s):  
Golden Age ◽  
Capital Accumulation ◽  
Government Debt

scholarly journals Optimal Taxation and Debt with Uninsurable Risks to Human Capital Accumulation

2015 ◽  
Vol 105 (11) ◽  
pp. 3443-3470 ◽  
Author(s):  
Piero Gottardi ◽  
Atsushi Kajii ◽  
Tomoyuki Nakajima
Keyword(s):  
Human Capital ◽  
Capital Accumulation ◽  
Optimal Taxation ◽  
Optimal Path ◽  
Government Debt ◽  
Optimal Level ◽  
Labor Income ◽  
Human Capital Accumulation ◽  
Issue Public ◽  
Quantitative Importance

We consider an economy where individuals face uninsurable risks to their human capital accumulation and analyze the optimal level of linear taxes on capital and labor income together with the optimal path of government debt. We show that in the presence of such risks, it is beneficial to tax both labor and capital and to issue public debt. We also assess the quantitative importance of these findings, and show that the benefits of government debt and capital taxes both increase with the magnitude of idiosyncratic risks and the degree of relative risk aversion. (JEL D52, H21, H24, H25, H63, J24)

scholarly journals THE RELATIONSHIP BETWEEN PUBLIC AND PRIVATE HEALTH INVESTMENT AND ECONOMIC DEVELOPMENT BASED ON THE OVERLAPPING GENERATIONS (OLG) MODEL

2021 ◽  
Vol 27 (spe) ◽  
pp. 105-107
Author(s):  
Shuihui Jiang
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Economic Development ◽  
Capital Accumulation ◽  
Capital Investment ◽  
Overlapping Generations ◽  
Human Capital Investment ◽  
Olg Model ◽  
Healthy Human ◽  
The Relationship

ABSTRACT As an important part of human capital, healthy human capital plays a great role in promoting economic development. Based on the overlapping generations (OLG) model, this study establishes a correlation analysis model between healthy human capital and economic growth. This model takes utility maximization as the theoretical carrier to study how individuals promote economic growth while pursuing the maximization of their own health capital accumulation. The model can analyze the promotion mechanism of healthy human capital on economic growth, so as to provide decision support for relevant personnel. Taking the panel data of 11 provinces and cities in China as samples, this paper makes an empirical analysis of the model. The results show that healthy human capital investment in coastal areas is generally high, and the relationship between healthy human capital and economic growth conforms to the inverted U-shaped development model, so we should pay attention to the reasonable proportion of healthy human capital investment. In addition, from the fitting effect of the regression model, the F-statistic values of model 1 and model 2 are 672.6327 and 1240.188, which shows that the fitting accuracy of the two regression models is higher.

GROWTH AND IRREVERSIBLE POLLUTION: ARE EMISSION PERMITS A MEANS OF AVOIDING ENVIRONMENTAL AND POVERTY TRAPS?

2011 ◽  
Vol 17 (2) ◽  
pp. 261-293 ◽  
Author(s):  
Fabien Prieur ◽  
Alain Jean-Marie ◽  
Mabel Tidball
Keyword(s):  
Pollution Control ◽  
Capital Accumulation ◽  
Multiple Equilibria ◽  
Double Dividend ◽  
Poverty Traps ◽  
Critical Threshold ◽  
Olg Model ◽  
Emission Permits ◽  
Emission Quota

We consider an OLG model with emissions arising from production and potentially irreversible pollution. Pollution control consists of the assignment of permits to firms; private agents also can abate pollution. In this setting, we prove that multiple equilibria exist. Due to the possible irreversibility of pollution, the economy can be dragged into both environmental and poverty traps. First, we show that choosing an emission quota at the lowest level beyond a critical threshold is a means to avoid these two types of traps. We also prove that when the agents do not engage in maintenance, a reduction of the quota leads to a reduction in pollution but also to slower capital accumulation. In contrast, when agents do engage in maintenance, a reduction of the quota provides a double dividend.

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