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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19096| Title: | The political economy of intergenerational cooperation |
| Keywords: | J1 I2 H5 H31 D7 D91 D82 H2 ddc:330 intergenerational cooperation family fertility saving private transfers education child benefits pensions self-enforcing constitutions Generationenbeziehungen Kooperation Public Choice Verfassungsökonomik Alterssicherung Familienleistungsausgleich Theorie |
| Issue Date: | 16-Oct-2013 |
| Publisher: | |
| Description: | The paper examines the scope for mutually beneficial intergenerational cooperation, and looks at various attempts to theoretically explain the emergence of norms and institutions that facilitate this cooperation. After establishing a normative framework, we examine the properties of the laissez-faire solution in a pure market economy, and in one where reproductive decisions and intergenerational transfers are governed by self-enforcing family constitutions. We then show that first and second-best policies include a pension and a child benefit scheme. Finally, we look at the possibility that intergenerational redistribution might be supported by either a constitution, or some kind of voting equilibrium. |
| URI: | http://koha.mediu.edu.my:8181/xmlui/handle/10419/19096 |
| Other Identifiers: | http://hdl.handle.net/10419/19096 ppn:509897843 |
| Appears in Collections: | EconStor |
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