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Consumption Taxation, Social Status and Indeterminacy in Models of Endogenous Growth with Elastic Labor Supply

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タイトル: Consumption Taxation, Social Status and Indeterminacy in Models of Endogenous Growth with Elastic Labor Supply
著者: Itaya, Jun-ichi 著作を一覧する
Kanamori, Naoshige 著作を一覧する
キーワード: Social Status
Endogenous Growth
Consumption Externality
Indeterminacy
Consumption Taxation
Endogenous Labor Supply
発行日: 2008年 4月
出版者: Graduate School of Economics and Business Administration, Hokkaido University
誌名: Discussion Paper, Series A
巻: 199
開始ページ: 1
終了ページ: 35
抄録: This paper examines the effects of consumption taxation on longrun growth in an infinity-lived representative agent model of endogenous growth in which the desire for social status induces private agents to care about others’ wealth or consumption levels. We also allow for nonseparable preferences in own consumption, labor supply and social status that may cause indeterminacy of equilibrium. This analysis shows that consumption taxation generally raises (reduces) a long-run growth rate when the balanced growth path is indeterminate (determinate) in the models of wealth-induced social status and consumption externalities.
資料タイプ: bulletin
URI: http://hdl.handle.net/2115/32614
出現コレクション:Series A

提供者: 板谷 淳一

 

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