Martin Paldam

The welfare state and Baumol's law

Publikation: Working paperForskning

Standard

The welfare state and Baumol's law. / Paldam, Martin.

Aarhus : Institut for Økonomi, Århus Universitet, 2009.

Publikation: Working paperForskning

Harvard

Paldam, M 2009 'The welfare state and Baumol's law' Institut for Økonomi, Århus Universitet, Aarhus.

APA

Paldam, M. (2009). The welfare state and Baumol's law. Institut for Økonomi, Århus Universitet.

CBE

Paldam M. 2009. The welfare state and Baumol's law. Aarhus: Institut for Økonomi, Århus Universitet.

MLA

Paldam, Martin The welfare state and Baumol's law. Aarhus: Institut for Økonomi, Århus Universitet. 2009., 16 s.

Vancouver

Paldam M. The welfare state and Baumol's law. Aarhus: Institut for Økonomi, Århus Universitet. 2009.

Author

Paldam, Martin. / The welfare state and Baumol's law. Aarhus : Institut for Økonomi, Århus Universitet, 2009.

Bibtex

@techreport{45a2a1b0185011de8317000ea68e967b,
title = "The welfare state and Baumol's law",
abstract = "The paper considers a two-sector economy with a constant population: The public sector,with stable productivity, and a private sector, with productivity growth. Baumol's law saysthat such an economy has no steady state. It is demonstrated what this means. Two attemptsto uphold a policy that fixes a key ratio are discussed: One policy fixes the tax share - thiscauses the share of the real public sector to vanish. The other policy fixes the share of realpublic production - this causes the tax pressure to keep rising.",
keywords = "Welfare state, steady state growth",
author = "Martin Paldam",
year = "2009",
language = "English",
publisher = "Institut for {\O}konomi, {\AA}rhus Universitet",
type = "WorkingPaper",
institution = "Institut for {\O}konomi, {\AA}rhus Universitet",

}

RIS

TY - UNPB

T1 - The welfare state and Baumol's law

AU - Paldam, Martin

PY - 2009

Y1 - 2009

N2 - The paper considers a two-sector economy with a constant population: The public sector,with stable productivity, and a private sector, with productivity growth. Baumol's law saysthat such an economy has no steady state. It is demonstrated what this means. Two attemptsto uphold a policy that fixes a key ratio are discussed: One policy fixes the tax share - thiscauses the share of the real public sector to vanish. The other policy fixes the share of realpublic production - this causes the tax pressure to keep rising.

AB - The paper considers a two-sector economy with a constant population: The public sector,with stable productivity, and a private sector, with productivity growth. Baumol's law saysthat such an economy has no steady state. It is demonstrated what this means. Two attemptsto uphold a policy that fixes a key ratio are discussed: One policy fixes the tax share - thiscauses the share of the real public sector to vanish. The other policy fixes the share of realpublic production - this causes the tax pressure to keep rising.

KW - Welfare state, steady state growth

M3 - Working paper

BT - The welfare state and Baumol's law

PB - Institut for Økonomi, Århus Universitet

CY - Aarhus

ER -