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Intergenerational Transfers in a General Equilibrium Setting

  • Erik Lüth
Chapter
  • 82 Downloads
Part of the Contributions to Economics book series (CE)

Abstract

The following chapter aims at answering three central questions. First, how do private intergenerational transfers affect generations’ welfare during a demo­graphic transition? While the joint welfare effect of public intergenerational transfers and population aging has extensively been investigated (e.g. [103], [149]), so far relatively little has been said on the welfare implications of private intergenerational transfers. Where private transfers have been taken into account, the authors usually confine their analysis to a single transfer motive (cf. [13], [14], [109]). Lacking empirical evidence in favor of a pre­dominant transfer motive, this approach seems little satisfactory. Section 5.2 therefore investigates the welfare implications of private transfers during a demographic transition by making allowances for different bequest motives.

Keywords

Labor Supply General Equilibrium Demographic Transition Intergenerational Transfer Private Transfer 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2001

Authors and Affiliations

  • Erik Lüth
    • 1
  1. 1.International Monetray FundUSA

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