Abstract
This chapter summarizes several simulation studies on tax reform using multi-period overlapping generations models. Based on Summers (1981b), we first formulate a bench mark model in which many generations coexist at any instant. The quantitative relationship between savings and the interest rate is complex and depends on all of the other parameters in the model. Section 2 compares the simulation results of Summers with Evans (1983).
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Copyright information
© 1996 Toshihiro Ihori
About this chapter
Cite this chapter
Ihori, T. (1996). Simulation Studies. In: Public Finance in an Overlapping Generations Economy. Palgrave Macmillan, London. https://doi.org/10.1057/9780230389908_4
Download citation
DOI: https://doi.org/10.1057/9780230389908_4
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-39802-7
Online ISBN: 978-0-230-38990-8
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)