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Simple Models of Income Redistribution (Paperback, Softcover reprint of the original 1st ed. 2018)
Loot Price: R2,703
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Simple Models of Income Redistribution (Paperback, Softcover reprint of the original 1st ed. 2018)
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The rising role of intra- and intergenerational transfers (e.g.
basic income, child benefit and public pensions) characterises
modern economies, yet most models depicting these transfers are too
sophisticated for a wider but mathematically trained audience. This
book presents simple models to fill the gap. The author considers a
benevolent government maximizing social welfare by anticipating
citizens' shortsighted reaction to the transfer rules. The
resulting income redistribution is analyzed for low tax morale,
strong labor disutility and heterogeneous life expectancy. Key
issues that the book addresses include the socially optimal pension
contribution rate, retirement age, and redistribution programs. The
author concludes by removing some strong restrictions and
introducing median voter, incomplete information and dynamic
complications. The book will be of value for graduate students and
researchers interested in public economics, especially in public
and private pensions.
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