Debt and Burden and Intergeneration Equity
作者： Toshihiro Ihori
DOI: 10.1007/978-1-349-19459-9_6
关键词: Debt 、 Financial system 、 Government debt 、 Debt finance 、 Debt problem 、 Public capital 、 Economics 、 Equity (finance) 、 Equity capital markets 、 Monetary economics
摘要: This chapter investigates an important aspect of the debt problem, namely proposition that finance burdens future generations. If so, this can be both a critique borrowing (since it may abused by burdening generations with cost services which are enjoyed currently) and argument for used to secure intergeneration equity passing on part cast capital outlays future).
springer.com
sci-hub.st 参考文章(35)
Robert Barro, Reply to Feldstein and Buchanan Journal of Political Economy. ,(1976)
Mervyn A. King, Savings and Taxation Social Science Research Network. ,(1980) , 10.3386/W0428
David Alan Aschauer, Fiscal Policy and Aggregate Demand The American Economic Review. ,vol. 75, pp. 117- 127 ,(1984)
Michael Boskin, Laurence Kotlikoff, Pubic Debt and U.S. Saving: A New Test of the Neutrality Hypothesis Social Science Research Network. ,(1985) , 10.3386/W1646
T. Ihori, Golden rule and the role of government in a life-cycle growth model The American Economic Review. ,vol. 68, pp. 389- 396 ,(1978)
Owen J Evans, Tax Policy, the Interest Elasticity of Saving, and Capital Accumulation: Numerical Analysis of Theoretical Models The American Economic Review. ,vol. 73, pp. 398- 410 ,(1983)
Lawrence H Summers, Capital Taxation and Accumulation in a Life Cycle Growth Model The American Economic Review. ,vol. 71, pp. 533- 544 ,(1981)
Menahem E. Yaari, Uncertain Lifetime, Life Insurance, and the Theory of the Consumer The Review of Economic Studies. ,vol. 32, pp. 137- 150 ,(1965) , 10.2307/2296058
Alan J. Auerbach, The Optimal Taxation of Heterogeneous Capital Quarterly Journal of Economics. ,vol. 93, pp. 589- 612 ,(1979) , 10.2307/1884471
John J. Seater, Roberto S. Mariano, New tests of the life cycle and tax discounting hypotheses Journal of Monetary Economics. ,vol. 15, pp. 195- 215 ,(1985) , 10.1016/0304-3932(85)90064-9