Preserving Transfer Benefit For Present And Future Generations
How should governmental policy be adjusted to guarantee a positive account for each generation, taking into account welfare and equity across age classes? Such a contract depends on the dynamic maintenance of a positive account for every present and future generation and can be achieved by manipulating both pension and education spending. The ensuing dynamic tradeoff between generational benefit and equity implies an optimal interest rate in human capital and attenuates the link that long-term pension sustainability necessarily depends on positive population growth.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 11 (2004)
Issue (Month): 3-4 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/GMPS20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/GMPS20|
When requesting a correction, please mention this item's handle: RePEc:taf:mpopst:v:11:y:2004:i:3-4:p:181-203. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If references are entirely missing, you can add them using this form.