ON MICRO-FOUNDATIONS FOR THE KALDOR-PASINETTI GROWTH MODEL WITH TAXATION ON BEQUEST

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Métodos Alternativos de Solução de Conflitos, Poder Judiciário

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In this paper we want to show that the Kaldor-Pasinetti growth and distribution model with government transfers may be supported by orthodox micro-foundations. To achieve this, we expand the simplest version of Baranzini's (1991) two-period analysis to the case in which there is taxation on capitalist's bequest. By doing this we are able to conclude that the life-cycel hypothesis and bequest motive are compatible with basic governmental activities within a post-Keynesian framework.

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2013-09-13

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