Equity and efficiency effects of redistributive policies

• 成果类型: Article
• 署名作者: Seshadri, A; Yuki, K
• 署名单位: University of Wisconsin System; University of Wisconsin Madison; Kyoto University
• 刊物名称: JOURNAL OF MONETARY ECONOMICS
• ISSN/ISSBN: 0304-3932
• DOI: 10.1016/j.jmoneco.2003.10.006
• 发表日期: 2004
• 页码: 1415-1447
• 关键词: inequality; redistributive effects

摘要

How do various forms of redistribution affect the distributions of earnings and consumption and their intergenerational mobility? Do redistributive policies enhance efficiency by mitigating market imperfections? Or do they create a trade-off between equity and efficiency? To address these issues, a dynamic general equilibrium model is constructed and solved numerically. The effects of the degrees of targeting of money transfers and educational transfers and the relative performance of the two types of transfers are examined. (C) 2004 Published by Elsevier B.V.