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Capital income taxation and public debt in an endogenous fertility model

Author

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  • Minoru Watanabe

    (Hokusei Gakuen University / Research Fellow, Graduate School of Economics, Kobe University)

Abstract

This study constructs an overlapping generations model with fertility choice and unemployment caused by a constant minimum wage and incorporating public debt . It shows that a higher capital income tax reduces the public debt burden and hence promot es capital accumulation, which leads to an improvement in unemployment and fertility rates.

Suggested Citation

  • Minoru Watanabe, 2022. "Capital income taxation and public debt in an endogenous fertility model," Discussion Papers 2209, Graduate School of Economics, Kobe University.
    • Handle: RePEc:koe:wpaper:2209
    as

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    File URL: http://www.econ.kobe-u.ac.jp/RePEc/koe/wpaper/2022/2209.pdf
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    References listed on IDEAS

    as
    1. Yakita, Akira, 2003. "Taxation and growth with overlapping generations," Journal of Public Economics, Elsevier, vol. 87(3-4), pages 467-487, March.
    2. de la Croix, David & Doepke, Matthias, 2004. "Public versus private education when differential fertility matters," Journal of Development Economics, Elsevier, vol. 73(2), pages 607-629, April.
    3. Uchida, Yuki & Ono, Tetsuo, 2021. "Generational conflict and education politics: Implications for growth and welfare," Journal of Macroeconomics, Elsevier, vol. 69(C).
    4. Fanti, Luciano & Gori, Luca, 2010. "Child policy solutions for the unemployment problem," Economics Letters, Elsevier, vol. 109(3), pages 147-149, December.
    5. Wang, Leran, 2015. "Fertility and unemployment in a social security system," Economics Letters, Elsevier, vol. 133(C), pages 19-23.
    6. Uhlig, Harald & Yanagawa, Noriyuki, 1996. "Increasing the capital income tax may lead to faster growth," European Economic Review, Elsevier, vol. 40(8), pages 1521-1540, November.
    7. Momota, Michiko, 2000. "The gender gap, fertility, subsidies and growth," Economics Letters, Elsevier, vol. 69(3), pages 401-405, December.
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