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

Itaya, Jun-ichi; Kanamori, Naoshige

Discussion Paper, Series A, 2008, 199, 1-35

Permalink : https://hdl.handle.net/2115/32614

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アクセス権	open access
URI	https://hdl.handle.net/2115/32614
タイトル	Consumption Taxation, Social Status and Indeterminacy in Models of Endogenous Growth with Elastic Labor Supply
著者	e-Rad_Researcher 20168305 著者名 Itaya, Jun-ichi
著者	著者名 Kanamori, Naoshige
言語	英語
キーワード	Social Status
	Endogenous Growth
	Consumption Externality
	Indeterminacy
	Consumption Taxation
	Endogenous Labor Supply
発行日	2008-04
出版者	Graduate School of Economics and Business Administration, Hokkaido University
収録物名	Discussion Paper, Series A
巻(号)	199
ページ	1-35
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.
資源タイプ	紀要論文
出版タイプ	Version of Record