Intergenerational Transfers

Toshihiro Ihori
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Toshihiro Ihori: University of Tokyo

Chapter 11 in Public Finance in an Overlapping Generations Economy, 1996, pp 242-271 from Palgrave Macmillan

Abstract: Abstract It seems possible to argue that the class of infinitely-lived models is too narrow to accommodate some forms of intergenerational heterogeneity. In particular, it is impossible to understand the effect of intergenerational income redistribution on growth. This is one of the main reasons why we have used the overlapping generations model in this book. However, it is also impossible to understand the long-run effect on the growth rate, where the long-run growth rate is exogenously given, in the standard overlapping generations model as developed in the previous chapters.

Keywords: Human Capital; Public Capital; Private Capital; Human Capital Accumulation; Endogenous Growth Model (search for similar items in EconPapers)
Date: 1996
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DOI: 10.1057/9780230389908_11

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