OGAWA Takayuki
Department
Osaka University of Economics
Department of Economics, Faculty of Economics
Position
Professor
|
| Language | English |
| Publication Date | 2016/01 |
| Type | |
| Title | Intergenerational Redistribution and the Dynamics of Wealth Distribution |
| Contribution Type | |
| Journal | Journal of Osaka University of Economics |
| Journal Type | Japan |
| Publisher | Osaka University of Economics Institute |
| Volume, Issue, Page | 66(5),pp.119-134 |
| Author and coauthor | Takayuki Ogawa |
| Details | Using an overlapping-generations model with an age-declining income profile, this paper examines how the intergenerational distribution of consumption, welfare and financial wealth evolves over time. Income redistribution from future generations to the present generation either narrows or widens intergenerational gaps in consumption and welfare depending on the amount of outstanding public bonds. It is also shown that the position of individual financial wealth relative to the social average follows either a humped or monotonically increasing path. |
