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タイトル: | Population Aging and Income Inequality in a Semi-Endogenous Growth Model |
著者: | Mino, Kazuo Sasaki, Hiroaki |
キーワード: | E2 O4 population aging semi-endogenous growth overlapping generations model income and wealth inequality Pareto distribution |
発行日: | Sep-2023 |
出版者: | Institute of Economic Research, Kyoto University |
誌名: | KIER Discussion Paper |
巻: | 1096 |
開始ページ: | 1 |
終了ページ: | [39] |
抄録: | Using a continuous-time overlapping generations model with semi-endogenous growth, this study examines the impact of population aging on inequality. We characterize the stationary distribution of income and wealth among households and investigate how an increase in life expectancy and a decrease in birth rate affect the distributional profile. The numerical experiments revealed that an increase in life expectancy lowers inequality, whereas a decrease in birth rate increases inequality. We also consider extended models with exogenous productivity growth, agents' retirement from labor participation, and endogenous labor supply. |
URI: | http://hdl.handle.net/2433/285293 |
関連リンク: | https://www.kier.kyoto-u.ac.jp/publication/?cat=en |
出現コレクション: | KIER Discussion Paper (英文版) |
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