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Pensions and fertility: in search of a link
Gahvari, Firouz - In: International Tax and Public Finance 16 (2009) 4, pp. 418-442
In overlapping generations models with endogenous fertility wherein the retired partake of consumption but do not contribute to production (through their labor), fertility has a positive and a negative externality. These can be internalized through a child allowance (or tax) or a linkage between...
Persistent link: https://www.econbiz.de/10010865740
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On Sustainable Pay-As-You-Go Systems
Demange, Gabrielle - C.E.P.R. Discussion Papers - 2005
An unfunded Social Security system faces a major risk, sometimes referred to as ‘political risk’. In order to account properly for this risk, the paper considers a political process in which the support to the system is asked from each newborn generation. The analysis is conducted in an...
Persistent link: https://www.econbiz.de/10005666926
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On sustainable pay as you go systems
Demange, Gabrielle - HAL - 2005
An unfunded Social Security system faces the major risk, sometimes referred to as "political risk", that future generations modify or even suppress the contributions. In order to account properly for this risk, the paper considers a political process in which the support to the system is asked...
Persistent link: https://www.econbiz.de/10010739137
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Low Altruism, Austerity, and Aversion to Default: Are Countries Converging to the Natural Debt Limit?
Bohn, Henning - CESifo - 2013
reflecting low altruism—a discount rate on children’s utility greater than the world interest rate—and I examine the implications … spending on debt and retiree entitlements. In the model, altruism towards children determines bequests, government debt, and … the time-path of consumption. Altruism towards parents influences incentives to default. If altruism is low, voters demand …
Persistent link: https://www.econbiz.de/10010877813
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Provision of a Public Good with Altruistic Overlapping Generations and Many Tribes
Karp, Larry S. - CESifo - 2012
Intergenerational altruism and contemporaneous cooperation are both important to the provision of long-lived public …
Persistent link: https://www.econbiz.de/10010877869
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Transfers within a Three Generations Family: When the Rotten Kids Turn into Altruistic Parents
Cremer, Helmuth; Roeder, Kerstin - Institute for the Study of Labor (IZA) - 2014
We study exchanges between three overlapping generations with non-dynastic altruism. The middleaged choose informal …
Persistent link: https://www.econbiz.de/10010884300
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Education Policy and Intergenerational Transfers in Equilibrium
Abbott, Brant; Gallipoli, Giovanni; Meghir, Costas; … - Cowles Foundation for Research in Economics, Yale University - 2013
This paper compares partial and general equilibrium effects of alternative financial aid policies intended to promote college participation. We build an overlapping generations life-cycle, heterogeneous-agent, incomplete-markets model with education, labor supply, and consumption/saving...
Persistent link: https://www.econbiz.de/10010939077
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Transfers within a three generations family: when the rotten kids turn into altruistic parents
Cremer, Helmuth; Roeder, Kerstin - Volkswirtschaftliche Fakultät, … - 2014
We study exchanges between three overlapping generations with non-dynastic altruism. The middleaged choose informal …
Persistent link: https://www.econbiz.de/10011210872
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Two-sided altruism, Lindahl equilibrium, and Pareto optimality in overlapping generations models
Raut, Lakshmi - In: Economic Theory 27 (2006) 3, pp. 729-736
This paper extends the Samuelsonian overlapping generations general equilibrium framework to encompass a variety of altruistic preferences by recasting it into a Lindahl equilibrium framework. The First and the Second Welfare theorems hold for Lindahl equilibrium with respect to the Malinvaud...
Persistent link: https://www.econbiz.de/10005155467
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"Welfare Impact of a Ban on Child Labor"
Soares, Jorge - Department of Economics, Lerner College of Business and … - 2009
model where parental altruism results in transfers that children allocate to consumption and education, the Nash … capital. Besides, to increase transfers, parents decrease savings and, hence, physical capital accumulation. When prices are …
Persistent link: https://www.econbiz.de/10005002693