政府公债对代际转移的影响  

The Impacts of Government Bond on Intergenerational Transfer

作　　者：王云多[1] 

机构地区：[1]黑龙江大学,黑龙江哈尔滨150080

出　　处：《上海金融学院学报》2014年第1期100-107,共8页Journal of Shanhai Finance University

摘　　要：文章基于世代交叠模型,采用未特指效用函数分析政府公债规模对家庭代际转移的影响。研究表明,是否存在代际转移取决于子女效用贴现率和市场利率的大小。此外,人力资本转移不同于普通遗产转移,如果代际转移采取人力资本形式,即使转移动机完全有效,政府发行公债仍能影响家庭最优人力资本投资决策。In a overlapping-generations model, this article studied the impacts of government bond scale .on intergenerational transfer with un-specified utility functions. The research found that, whether intergenerational transfer exists depends on the rate at which individuals discount heirs＇ utility relative to the market interest rate. Moreover, since transfers of human capital are not equivalent to that of ordinary bequests, if intergenerational transfers take the form of human capital, the issuance of government bonds can affect the equilibrium solution, even if the transfer motive is fully operative.

关 键 词：公债 人力资本 遗产 代际转移 

分 类 号：F810.5[经济管理—财政学]