Redistributive policies in general equilibrium

George Economides, Apostolis Philippopoulos () and Stelios Sakkas
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Apostolis Philippopoulos: Athens University of Economics and Business

No 2021-08, JRC Working Papers on Territorial Modelling and Analysis from Joint Research Centre

Abstract: We develop a general equilibrium OLG model to evaluate a wide menu of popular redistributive policies in a unified context. We work in two steps: First, we study how initial conditions in human and financial capital, as inherited from family background, shape individuals' human capital, and hence their work opportunities, income and wealth, and eventually macroeconomic outcomes. Second, we study which policies can reduce this type of inequality without, hopefully, damaging macroeconomic efficiency.

Keywords: Inequality; efficiency; government expenditures; public policy. (search for similar items in EconPapers)
JEL-codes: D63 H21 H50 (search for similar items in EconPapers)
Pages: 56 pages
Date: 2021-10
New Economics Papers: this item is included in nep-dge and nep-pbe
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Persistent link: https://EconPapers.repec.org/RePEc:ipt:termod:202108

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