dc.contributor.author |
Ziramba, Emmanuel
|
|
dc.contributor.upauthor |
Gupta, Rangan
|
|
dc.date.accessioned |
2008-12-01T12:01:32Z |
|
dc.date.available |
2008-12-01T12:01:32Z |
|
dc.date.issued |
2008-08 |
|
dc.description.abstract |
Using a monetary pure-exchange overlapping generations model, where the probability of survival of the young agents depends upon share of government expenditure on health, education and infrastructure, we analyze the welfare-maximizing policy mix between explicit and implicit
taxation. We show that increases in the survival probability lead to an increase in the reliance on
seigniorage as a welfare maximizing outcome. However, for our results to hold, the seigniorage
tax base must be large enough for the benevolent planner to use the inflation tax. |
en_US |
dc.identifier.citation |
Gupta, R & Ziramba, E 2008, 'Optimal public policy with endogenous mortality', University of Pretoria, Department of Economics, Working paper series, no. 2008-29. [http://web.up.ac.za/default.asp?ipkCategoryID=736&sub=1&parentid=677&subid=729&ipklookid=3] |
en_US |
dc.identifier.uri |
http://hdl.handle.net/2263/8156 |
|
dc.language.iso |
en |
en_US |
dc.publisher |
University of Pretoria, Department of Economics |
en_US |
dc.relation.ispartofseries |
Working Paper (University of Pretoria, Department of Economics) |
en_US |
dc.relation.ispartofseries |
2008-29 |
en_US |
dc.rights |
University of Pretoria, Department of Economics |
en_US |
dc.subject |
Monetary pure exchange overlapping generations model |
en_US |
dc.subject |
Probability of survival |
en_US |
dc.subject |
Welfare maximizing policy mix |
en_US |
dc.subject.lcsh |
Public welfare -- Finance |
en |
dc.subject.lcsh |
Seigniorage (Finance) |
en |
dc.title |
Optimal public policy with endogenous mortality |
en_US |
dc.type |
Working Paper |
en_US |