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Public Debt, Lobbying and Endogenous Redistribution in an Overlapping-Generations Model

  • Tsuyoshi ShinozakiEmail author
  • Isidoro Mazza
  • Minoru Kunizaki
Chapter

Abstract

The recent slowdown of global economy contributed to ignite a sovereign debt crisis that has shaken several economies, and the European Economic and Monetary Union in particular. These events have helped to revamp the interests of scholars on fiscal reconstruction. Decisions concerning the amount, speed and approach (cut in public expenditures vs. tax increase) of containment and reduction of public debt have clear distributive impacts not only within but also across generations (think, for example, of the problem of sustainability of the pension system in aging societies).

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Copyright information

© Springer Nature Singapore Pte Ltd. 2019

Authors and Affiliations

  • Tsuyoshi Shinozaki
    • 1
    Email author
  • Isidoro Mazza
    • 2
  • Minoru Kunizaki
    • 3
  1. 1.Tohoku Gakuin UniversitySendaiJapan
  2. 2.University of CataniaCataniaItaly
  3. 3.Aichi UniversityNagoyaJapan

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