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dc.contributor.author | Ziramba, Emmanuel![]() |
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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 |