five

Debt Neutrality, Professor Vickrey and Henry George's "Single Tax"

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NBER1988-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2673
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In the overlapping generations model with uncertain lifetimes, efficient life insurance markets and no operative intergenerational gift and bequest motive, a positive birth rate has been shown to be sufficient and necessary for absence of debt neutrality: equilibrium prices and quantities are
提供机构:
美国国家经济研究局
创建时间:
1988-08-01
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