Optimal public policy with endogenous mortality
| 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 |