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Social time preference: a rejoinder


This note argues that positive discounting is necessary for intergenerational equity, and that the choice of the discount rate should be based on the principle that individuals of different generations should be treated in a symmetrical fashion.

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Correspondence to Pasquale Scaramozzino.

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Responsible editor: Alessandro Cigno

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Marini, G., Scaramozzino, P. Social time preference: a rejoinder. J Popul Econ 21, 623–625 (2008).

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  • Social discount rate
  • Overlapping generations

JEL Classification

  • H43