Tariffs and Saving in a Model with New Families

Charles Engel and Kenneth Kletzer

No 2521, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: The paper explores how a tariff may affect saving through intergenerational redistribution of income that is caused by changes in factor prices and by the distribution of tariff revenue. The model is a Blanchard-type overlapping generations model. Two types of revenue distribution schemes are examined ? lump-sum distribution of current revenues to currently living individuals, and distribution as a subsidy to holders of physical wealth. (There is no fiscal policy in this paper -- the government budget is continuously balanced). We draw some general conclusions about the non-neutralities that arise in this type of model as opposed to single-generation models, or models in which perfect bequest motives exist.

Date: 1988-02
Note: ITI IFM
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Published as "Tariffs and Saving in a Model With New Generations", Journal of International Economics, Volume 28, Feb. 1990, 71-79

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Working Paper: TARIFFS AND SAVING IN A MODEL WITH NEW FAMILIES (1988)
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