In this paper I develop a positive theory of intergenerational transfers. I argue that transfers are a means to induce … theory in this paper is consistent with a number of regularities: transfers appear to be a luxury good that societies buy …

income redistribution objectives. While the benefits of targeting are clear, id est, a larger poverty impact for a given … therefore depend on how countries decide to trade-off these costs and benefits as well as on the potential for redistribution … strengthening fiscal redistribution in advanced and developing countries, including through expanding transfer coverage and …