Intergenerational Equity in a Model of Endogenous Growth

Claude d’Aspremont, Louis-André Gérard-Varet and Philippe Michel
Additional contact information
Claude d’Aspremont: Catholic University of Louvain

Chapter 13 in The Economics of Reciprocity, Giving and Altruism, 2000, pp 248-259 from Palgrave Macmillan

Abstract: Abstract The main difficulties in trying to derive and apply social welfare criteria, such as utilitarianism or maximin, to the problem of intergenerational justice come from time-irreversibility. Future generations cannot compensate for a sacrifice made by earlier ones, or ask for just sharing of past resources that were wasted. There is a possible altruistic approach to intergenerational equity. However, it requires that the altruism of future generations be secured. In any case, intergenerational equity is not only a matter of gifts from present to future generations. It is also an issue of ‘retro-gifts’ which have to be socially contracted. In economic terms, this is translated into the problem of finding a just rate of savings, taking into account both the well-being of the present generation and the productivity of capital for future generations and considering the impossibility of ex post transfers from future generations to present ones.

Date: 2000
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: Intergenerational equity in a model of endogenous growth (2000)
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: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-62745-5_13

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349627455

DOI: 10.1007/978-1-349-62745-5_13

Access Statistics for this chapter

More chapters in International Economic Association Series from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().