Publicly Provided Private Goods and Redistribution: A General Equilibrium Analysis
研究了公共提供私人品在自我选择框架下的作用,发现生产率和工资结构效应可为公共提供提供理由,即使偏好弱可分。对教育等公共提供有启示,并分析了动态经济中代际再分配的影响。
Public provision of private goods is examined within a self‐selection framework where production depends on labour supply of different households and the level of public provision. It is shown that productivity and wage‐structure effects can create a role for public provision, even if preferences are weakly separable between goods and leisure. Public provision of education may offer an intuitively appealing case for the production‐side impacts. We also address the reasons for public provision in a dynamic, overlapping generations economy, whereby public provision may affect efficiency and social costs of redistribution of future generations as well.