On the Interplay Between Intergenerational Transfers and Natural Resources

Roberto Iacono ()

South-Eastern Europe Journal of Economics, 2014, vol. 12, issue 2, 167-199

Abstract: This paper studies an overlapping generations model with selfish agents, natural resources and human capital externalities. The initial result is to quantify the economic effects of intergenerational transfers by comparing a complete markets allocation with transfers to an allocation without transfers due to incomplete markets. The core contribution is then to show that a higher resource regeneration rate boosts the effect of transfers on economic growth for both allocations, although it also implies a higher gap in growth performances between them. Finally, it is shown that transfers can be financed through a constant lump-sum tax relative to the output level.

Keywords: Overlapping generations; intergenerational transfers; natural resources; endogenous growth (search for similar items in EconPapers)
JEL-codes: H23 H55 Q32 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:seb:journl:v:12:y:2014:i:2:p:167-199

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