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Generational transfers and the generational bargain

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  • David Collard

    (Department of Economics and International Development, University of Bath, UK)

Abstract

The paper suggests that the framework of a generational bargain is a potentially useful one for looking at important aspects of economic and social policies for both rich and poor countries. The bargain is that the working generation makes transfers of human capital to the young and consumption to the old on the understanding that other generations will behave in a similar way. The paper examines the stability of the bargain against 'bad' behaviour by particular generations; fractures in the generational cluster; and re-negotiation of the bargain. Copyright © 2000 John Wiley & Sons, Ltd.

Suggested Citation

  • David Collard, 2000. "Generational transfers and the generational bargain," Journal of International Development, John Wiley & Sons, Ltd., vol. 12(4), pages 453-462.
    • Handle: RePEc:wly:jintdv:v:12:y:2000:i:4:p:453-462
    DOI: 10.1002/1099-1328(200005)12:4<453::AID-JID683>3.0.CO;2-W
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    3. Philip Kreager & Elisabeth Schröder-Butterfill, 2008. "Indonesia against the trend? Ageing and inter-generational wealth flows in two Indonesian communities," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 19(52), pages 1781-1810.
    4. Levison Stanley Chiwaula & Ben M. Kaluwa, 2008. "Household consumption of infant foods in two low-income districts in Malawi," Journal of International Development, John Wiley & Sons, Ltd., vol. 20(5), pages 686-697.
    5. Owasim Akram & Mathilde Maitrot & Thomas Denk, 2020. "Generational Bargain, Transfer of Disadvantages and Extreme Poverty: A Qualitative Enquiry from Bangladesh," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 32(4), pages 1173-1194, September.
    6. Anil Markandya & Pamela Mason, 2000. "Why should developing countries worry about 2050 and beyond?," Journal of International Development, John Wiley & Sons, Ltd., vol. 12(4), pages 601-612.
    7. Michael W. Kpessa, 2010. "Ideas, Institutions, and Welfare Program Typologies: An Analysis of Pensions and Old Age Income Protection Policies in Sub‐Saharan Africa," Poverty & Public Policy, John Wiley & Sons, vol. 2(1), pages 37-65, January.

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