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Identifier to cite or link to this item: https://hdl.handle.net/10086/18744

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Title	Demographic Change, Intergenerational Altruism, and Fiscal Policy : A Political Economy Approach
Creator	Creator Name Oguro, Kazumasa Oguro, Kazumasa 小黒, 一正小黒, 一正 Affiliation Affiliation Name Hitotsubashi University
	Creator Name Shimasawa, Manabu Shimasawa, Manabu Affiliation Affiliation Name Akita University
	Creator Name Aoki, Reiko Aoki, Reiko 青木, 玲子青木, 玲子 Affiliation Affiliation Name Hitotsubashi University
	Creator Name Oshio, Takashi Oshio, Takashi 小塩, 隆士小塩, 隆士オシオ, タカシオシオ, タカシ Affiliation Affiliation Name Hitotsubashi University
Editor	Contributor Name 世代間問題研究プロジェクト（世代間問題の経済分析） = Economic Analysis of Intergenerational Issues, Project on Intergenerational Equity
Editor	Contributor Name 一橋大学経済研究所世代間問題研究機構 = Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University Affiliation Affiliation Name Hitotsubashi University
Key Word	Public debt
	public deficit
	OLG models
	intergenerational altruism
	Demeny voting method
JEL	D64
	E60
	H63
Abstract	Our study employs an OLG model under which political strengths of different generations (the working and retirees with and without children) determine the distribution of the fiscal burden between the generations, including the future generation. We investigate the relationship between the extent of intergenerational altruism, the political regime, and the intergenerational distribution of the fiscal burden. We show that if the working generation were to care more about the utility of the retirees (their parents), cooperation between the working and retirees with children would be possible, changing the political outcome. As a result, the tax burden of the working generation would decrease and its members would be better off. Lowering the voting age and having parents vote on behalf of their children would also result in the same shift, but for higher levels of intergenerational altruism and the working generation’s political
Description	We are grateful for helpful comments and discussion from Yasushi Ono, Keiichiro Kobayashi and the meeting participants at ESRI workshop on November 22, 2010.
Publisher	Institute of Economic Research, Hitotsubashi University
Issued Date	2010-11
Language	English(eng)
Resource Type	technical report
Version Type	VoR
Is Part OfRelation -	Related Title PIE/CIS Discussion Paper ; No. 493
Number of Pages	22
Sponsorship	科学研究費補助金（特別推進研究） = Grant-in-Aid for Specially Promoted Research
Appears in Collections	PIE/CIS Discussion paper
URL	https://hdl.handle.net/10086/18744