Intergenerational Transfers in a General Equilibrium Setting

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


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.


Labor Supply General Equilibrium Demographic Transition Intergenerational Transfer Private Transfer 
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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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