@techreport{oai:shiga-u.repo.nii.ac.jp:00008976,
 author = {Kato, Ryuta Ray},
 issue = {No. 70},
 month = {Oct},
 note = {Technical Report, This paper tires to examine the effects of government deficits and public pension policies on tax burden, capital accumulation and economic welfare in the transition to an aging Japan by applying a simulated method in the expanded life cycle growth model.
　　　It is shown that the policy to maintain a 110% level of the ratio of outstanding government debts to GDP is not preferred by all generations when a wage tax is used to redeem outstanding government deficits, but this policy is in turn preferred by old generations to the policy to maintain a 90% level of the ratio when a consumption tax is used to redeem deficits. It is also shown that a lower level of outstanding government deficits in a steady state is more preferred by future generations, since a lower steady state level of outstanding government deficits is followed by an increase in tax rate at a relatively earlier stage, thus resulting in a relatively lower tax on future generations to finance the interest payment incurred from the smaller amount of future outstanding government debts., 滋賀大学経済学部Working Paper Series, No. 70, pp. 1-26},
 title = {Government Deficits in an Aging Japan},
 year = {2000}
}