 Macro Implications of Government Redistributive Tax-Transfer PoliciesStaff General Research Papers Archive from Iowa State University, Department of Economics Abstract: Aggregation conditions permitting macro variables to be expressed as functions of other macro variables have long been sought in macroeconomics. For example, conditions have been sought permitting aggregate consumption to be expressed as a function of aggregate income, independently of the distribution of income across agents. This article uses a 3-period lived overlapping generations economy to examine the extent to which macro variables such as aggregate consumption are invariant to government attempts to redistribute income across agents through selective tax-transfer policies. It shows that conditions for invariance in this context are much stronger than found for the standard Walrasian general equilibrium economy. Annotated pointers to related work can be accessed here: http://www2.econ.iastate.edu/tesfatsi/dehome.htm Keywords: overlapping generations; macroeconomic aggregation; government redistribution; tax-transfer policy (search for similar items in EconPapers) Published in Journal of Public Economics 1982, vol. 19, pp. 139-169 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:isu:genres:11212 Access Statistics for this paper More papers in Staff General Research Papers Archive from Iowa State University, Department of Economics Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070. Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.