Economics at your fingertips  

Solidarité intergénérationnelle et dette publique

Xavier Timbeau ()

Revue de l'OFCE, 2011, vol. n° 116, issue 1, 191-212

Abstract: Fund expenditure by debt or by taxes is it equivalent? Ricardo, formalized and extended by Barro, says that debt is a future tax and agents, conscious of the future, should not consider the use of debt as different of a deferred payment. But the framework of Barro is so special that the result is not likely. Public debt suspends the issue of funding. As generations pass, the older have the opportunity to escape taxation, while the youngest are exposed to this. But an analysis of funding choices may not be limited to who is paying. It must also take into account that the choice of expenditure and its financing involves the modification of the trajectory of the economy. The expenditure will benefit, according to its nature, more or less to the current generations or to the future one. The funding method should be chosen only on the basis of this criterion. More generally, assigning the goal of no impact on future generations is futile. Our choices have consequences in the future, directly or indirectly. We are tied to future generations. JEL Classification codes: I20, H2, H5, H6, D6.

Keywords: public debt; générations; taxes; public expenses; education (search for similar items in EconPapers)
JEL-codes: I20 H2 H5 H6 D6 (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link) (application/pdf) (text/html)

Related works:
Working Paper: Solidarité intergénérationnelle et dette publique (2011) Downloads
Journal Article: Solidarité intergénérationnelle et dette publique (2010) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

More articles in Revue de l'OFCE from Presses de Sciences-Po
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().

Page updated 2021-06-14
Handle: RePEc:cai:reofsp:reof_116_0191