Optimal public policy with endogenous mortality

Gupta, Rangan; Ziramba, Emmanuel

dc.contributor.author	Gupta, Rangan
dc.contributor.author	Ziramba, Emmanuel
dc.date.accessioned	2010-11-09T11:02:18Z
dc.date.available	2010-11-09T11:02:18Z
dc.date.issued	2010-09
dc.description.abstract	We analyze the welfare-maximizing policy mix between explicit and implicit taxation, where the probability of survival of the young agents depends upon the share of government expenditure on health, education and infrastructure. We show that increases in the survival probability lead to an increase in the reliance on seigniorage as a welfare maximizing outcome. However, the seigniorage tax base must be large enough for the benevolent planner to use the inflation tax.	en
dc.identifier.citation	Gupta, R & Ziramba, E 2010, 'Optimal public policy with endogenous mortality', Journal of Economic Policy Reform, vol. 13, no. 3, pp. 241-249. [http://www.tandf.co.uk/journals/titles/13841289.asp]	en
dc.identifier.issn	1748-7870
dc.identifier.other	10.1080/17487870.2010.503085
dc.identifier.uri	http://hdl.handle.net/2263/15233
dc.language.iso	en	en_US
dc.publisher	Taylor & Francis	en_US
dc.rights	Taylor & Francis. This is an electronic version of an article published in Journal of Economic Policy Reform, Sep 2010, vol. 13, issue 3, pp. 241-249. Journal of Economic Policy Reform is available online at: http://www.informaworld.com. This article is embargoed by the publisher until March 2012.	en_US
dc.subject	Monetary exchange overlapping generations model	en
dc.subject	Probability of survival	en
dc.subject	Welfare maximizing policy mix	en
dc.subject.lcsh	Public welfare -- Finance	en
dc.subject.lcsh	Seigniorage (Finance)	en
dc.subject.lcsh	Taxation	en
dc.title	Optimal public policy with endogenous mortality	en
dc.type	Postprint Article	en