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| Tekijä: | Ihori, T. |
| Otsikko: | An economic analysis of public transfers |
| Lehti: | Japanese Economic Review
1999 : MAR, VOL. 50:1, p. 44-60 |
| Asiasana: | ECONOMICS JAPAN PUBLIC TRANSPORT |
| Kieli: | eng |
| Tiivistelmä: | This paper develops simple models of public transfers. The sources of income inequality are differences in ability and in luck. The government employs a redistribution policy that arises from altruistic motives in the case of ability differences. The author considers the case where the government re-optimizes income transfers after it observes the outcome of private activities. When the source of income inequality is differences in luck, the economy creates a mutual insurance or provides public goods out of risk-sharing motives. |
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