[宏观经济学研讨会]The Distribution of Wealth and Fiscal Policy in Economies with Finitely Lived Agents
发文时间:2014-04-17
【ECON20141209】
宏观经济学研讨会 (总第160期)

   【时间】2014年4月23日(周三)12:15-13:45
   【地点】明商0202
   【主讲】李佳霖  中国人民大学经济学院
   【点评】薛涧坡  中国人民大学财政金融学院副教授  财政系副主任
   【主题】The Distribution of Wealth and Fiscal Policy in Economies with Finitely Lived Agents (written by Jess Benhabib, Alberto Bisin, and Shenghao Zhu, Econometrica, 2011)
   【摘要】We study the dynamics of the distribution of wealth in an overlapping generation economy with finitely lived agents and intergenerational transmission of wealth. Financial markets are incomplete, exposing agents to both labor and capital income risk. We show that the stationary wealth distribution is a Pareto distribution in the right tail and that it is capital income risk, rather than labor income, that drives the properties of the right tail of the wealth distribution. We also study analytically the dependence of the distribution of wealth on various fiscal policy instruments like capital income taxes and estate taxes, and on different degrees of social mobility. We show that capital income and estate taxes can significantly reduce wealth inequality, as do institutions favoring social mobility.
   【主持】陈彦斌 教授


  
  人大宏观经济学研讨会(Macro Workshop)旨在追踪宏观经济学国际最新进展,倡导构建符合国情的动态优化模型,并使用计算机模拟研究经济增长、收入分配和宏观政策等中国宏观经济重大问题。
联系人:陈小亮    E_mail: chenxiaoliang2200@126.com
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