Fiscal policy, composition of intergenerational transfers, and income distribution

In this paper, we characterize the relationship between the initial distribution of human capital and physical inheritances among individuals and the long-run distribution of these two variables. In a model with indivisible investment in education, we analyze how the initial distribution of income d...

Descripción completa

Detalles Bibliográficos
Autores: Alonso Carrera, Jaime, Caballé, Jordi, Raurich, Xavier
Tipo de recurso: artículo
Estado:Versión aceptada para publicación
Fecha de publicación:2012
País:España
Institución:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
Repositorio:Recercat. Dipósit de la Recerca de Catalunya
OAI Identifier:oai:recercat.cat:2445/125186
Acceso en línea:https://hdl.handle.net/2445/125186
Access Level:acceso abierto
Palabra clave:Altruïsme
Recursos humans
Relacions intergeneracionals
Altruism
Human capital
Intergenerational relations
id ES_e5a5dc850ef1dd34bd41ec3bfe226fd2
oai_identifier_str oai:recercat.cat:2445/125186
network_acronym_str ES
network_name_str España
repository_id_str
spelling Fiscal policy, composition of intergenerational transfers, and income distributionAlonso Carrera, JaimeCaballé, JordiRaurich, XavierAltruïsmeRecursos humansRelacions intergeneracionalsAltruismHuman capitalIntergenerational relationsIn this paper, we characterize the relationship between the initial distribution of human capital and physical inheritances among individuals and the long-run distribution of these two variables. In a model with indivisible investment in education, we analyze how the initial distribution of income determines the posterior intergenerational mobility in human capital and the evolution of intragenerational income inequality. This analysis enables us in turn to characterize the effects of fiscal policy on future income distribution and mobility when the composition of intergenerational transfers is endogenous. To this end, we consider the following government interventions: a pay-as-you-go social security system, a tax on inheritance, a tax on capital income, a tax on labor income, and a subsidy on education investment.Elsevier B.V.2018201820122018info:eu-repo/semantics/articleinfo:eu-repo/semantics/acceptedVersion23 p.application/pdfhttps://hdl.handle.net/2445/125186Articles publicats en revistes (Economia)reponame:Recercat. Dipósit de la Recerca de Catalunyainstname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)InglésVersió postprint del document publicat a: https://doi.org/10.1016/j.jebo.2012.07.013Journal of Economic Behavior & Organization, 2012, vol. 84, p. 62-84https://doi.org/10.1016/j.jebo.2012.07.013(c) Elsevier B.V., 2012info:eu-repo/semantics/openAccessoai:recercat.cat:2445/1251862026-05-29T05:05:01Z
dc.title.none.fl_str_mv Fiscal policy, composition of intergenerational transfers, and income distribution
title Fiscal policy, composition of intergenerational transfers, and income distribution
spellingShingle Fiscal policy, composition of intergenerational transfers, and income distribution
Alonso Carrera, Jaime
Altruïsme
Recursos humans
Relacions intergeneracionals
Altruism
Human capital
Intergenerational relations
title_short Fiscal policy, composition of intergenerational transfers, and income distribution
title_full Fiscal policy, composition of intergenerational transfers, and income distribution
title_fullStr Fiscal policy, composition of intergenerational transfers, and income distribution
title_full_unstemmed Fiscal policy, composition of intergenerational transfers, and income distribution
title_sort Fiscal policy, composition of intergenerational transfers, and income distribution
dc.creator.none.fl_str_mv Alonso Carrera, Jaime
Caballé, Jordi
Raurich, Xavier
author Alonso Carrera, Jaime
author_facet Alonso Carrera, Jaime
Caballé, Jordi
Raurich, Xavier
author_role author
author2 Caballé, Jordi
Raurich, Xavier
author2_role author
author
dc.subject.none.fl_str_mv Altruïsme
Recursos humans
Relacions intergeneracionals
Altruism
Human capital
Intergenerational relations
topic Altruïsme
Recursos humans
Relacions intergeneracionals
Altruism
Human capital
Intergenerational relations
description In this paper, we characterize the relationship between the initial distribution of human capital and physical inheritances among individuals and the long-run distribution of these two variables. In a model with indivisible investment in education, we analyze how the initial distribution of income determines the posterior intergenerational mobility in human capital and the evolution of intragenerational income inequality. This analysis enables us in turn to characterize the effects of fiscal policy on future income distribution and mobility when the composition of intergenerational transfers is endogenous. To this end, we consider the following government interventions: a pay-as-you-go social security system, a tax on inheritance, a tax on capital income, a tax on labor income, and a subsidy on education investment.
publishDate 2012
dc.date.none.fl_str_mv 2012
2018
2018
2018
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/acceptedVersion
format article
status_str acceptedVersion
dc.identifier.none.fl_str_mv https://hdl.handle.net/2445/125186
url https://hdl.handle.net/2445/125186
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Versió postprint del document publicat a: https://doi.org/10.1016/j.jebo.2012.07.013
Journal of Economic Behavior & Organization, 2012, vol. 84, p. 62-84
https://doi.org/10.1016/j.jebo.2012.07.013
dc.rights.none.fl_str_mv (c) Elsevier B.V., 2012
info:eu-repo/semantics/openAccess
rights_invalid_str_mv (c) Elsevier B.V., 2012
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv 23 p.
application/pdf
dc.publisher.none.fl_str_mv Elsevier B.V.
publisher.none.fl_str_mv Elsevier B.V.
dc.source.none.fl_str_mv Articles publicats en revistes (Economia)
reponame:Recercat. Dipósit de la Recerca de Catalunya
instname:Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
instname_str Varias* (Consorci de Biblioteques Universitáries de Catalunya, Centre de Serveis Científics i Acadèmics de Catalunya)
reponame_str Recercat. Dipósit de la Recerca de Catalunya
collection Recercat. Dipósit de la Recerca de Catalunya
repository.name.fl_str_mv
repository.mail.fl_str_mv
_version_ 1869422697885204480
score 15.812429

Similares en LA Referencia