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Using an overlapping generations model, two new indicators of public pension system sustainability are proposed: the …
Persistent link: https://www.econbiz.de/10014292762
Persistent link: https://www.econbiz.de/10014304874
This paper analyzes overlapping-generations models where natural capital is owned by selfish agents. Transfers in favor of young agents reduce the rate of depletion and increase output growth. It is shown that intergenerational transfers may be preferred to laissez-faire by an indefinite...
Persistent link: https://www.econbiz.de/10003459197
Persistent link: https://www.econbiz.de/10012319759
own investments. In this case, sustainability is more likely to be achieved due to pension fund savings. …
Persistent link: https://www.econbiz.de/10002634021
. Sustainability - intended as the interplay amongst the economy, the society, the environment, and the governance - is essential to … facts call for enhanced intergenerational sustainability and climate justice policies. …
Persistent link: https://www.econbiz.de/10012504289
I define "generous sustainability" as a combination of two conditions: neither instantaneous maximin income nor … compared to existing sustainability concepts. As a rule of thumb, generosity requires that GHG emissions are limited to levels …
Persistent link: https://www.econbiz.de/10010438470
We study the interplay between intragenerational and intergenerational equity in an economy with two countries producing and consuming from national capital stocks. We characterize the sustainable development path that a social planner would implement to achieve intertemporal egalitarianism. If...
Persistent link: https://www.econbiz.de/10012486434
Persistent link: https://www.econbiz.de/10003995452
This paper analyzes overlapping-generations models where natural capital is owned by selfish agents. Transfers in favor of young agents reduce the rate of depletion and increase output growth. It is shown that intergenerational transfers may be preferred to laissez-faire by an indefinite...
Persistent link: https://www.econbiz.de/10014054320