Public policies over the life cycle: a large scale OLG model for France, Italy and Sweden

Alessandro Bucciol, Laura Cavalli, Igor Fedotenkov, Paolo Pertile, Veronica Polin, Nicola Sartor () and Alessandro Sommacal

No 29/2015, Working Papers from University of Verona, Department of Economics

Abstract: The paper presents a large scale overlapping generation model with heterogeneous agents, where the family is the decision unit. We calibrate the model for three European countries - France, Italy and Sweden - which show marked differences in the design of some public programs. We examine the properties in terms of annual and lifetime redistribution of a number of tax-benefit programs, by studying the impact of removing from our model economies some or all of them. We find that whether one considers a life-cycle or an annual horizon, and whether behavioral responses are accounted for or not, has a large impact on the results. The model may provide useful insights for policy makers on which kind of reforms are more likely to achieve specific equity objectives.

Keywords: Redistribution; Fiscal policy; Computable OLG models (search for similar items in EconPapers)
JEL-codes: H2 H3 (search for similar items in EconPapers)
Pages: 53
Date: 2015-11
New Economics Papers: this item is included in nep-dge, nep-eec and nep-pbe
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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