Coordinating Intergenerational Redistribution and the Repayment of Public Debt
Abstract
Is there a link between public debt and wealth inequality? Could government bondholders use intra-generational redistribution strategically to make the repayment of debt politically viable? Using a two-generations game-theoretic model, we identify coordination and divide-and-conquer as key factors. By coordinating their bond investments, the old generation may secure a majority favoring debt repayment. As a consequence, coordination mediates the...
Paper Details
Title
Coordinating Intergenerational Redistribution and the Repayment of Public Debt
Published Date
Jan 1, 2016
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