Simulation Studies

Toshihiro Ihori
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Toshihiro Ihori: University of Tokyo

Chapter 4 in Public Finance in an Overlapping Generations Economy, 1996, pp 73-98 from Palgrave Macmillan

Abstract: Abstract This chapter summarizes several simulation studies on tax reform using multi-period overlapping generations models. Based on Summers (1981b), we first formulate a bench mark model in which many generations coexist at any instant. The quantitative relationship between savings and the interest rate is complex and depends on all of the other parameters in the model. Section 2 compares the simulation results of Summers with Evans (1983).

Keywords: Labor Supply; Labor Income; Human Capital Investment; Wage Income; Aggregate Saving (search for similar items in EconPapers)
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-38990-8_4

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DOI: 10.1057/9780230389908_4

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