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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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    References listed on IDEAS

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    1. Bernheim, B Douglas, 1991. "How Strong Are Bequest Motives? Evidence Based on Estimates of the Demand for Life Insurance and Annuities," Journal of Political Economy, University of Chicago Press, vol. 99(5), pages 899-927, October.
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    5. Cox, Donald & Eser, Zekeriya & Jimenez, Emmanuel, 1998. "Motives for private transfers over the life cycle: An analytical framework and evidence for Peru," Journal of Development Economics, Elsevier, vol. 55(1), pages 57-80, February.
    6. Cigno, Alessandro & C. Giannelli, Gianna & Rosati, Furio C., 1998. "Voluntary transfers among Italian households: altruistic and non-altruistic explanations," Structural Change and Economic Dynamics, Elsevier, vol. 9(4), pages 435-451, December.
    7. Alfredo Cuevas & George A Mackenzie & Philip R. Gerson, 1997. "Pension Regimes and Saving," IMF Occasional Papers 153, International Monetary Fund.
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    Cited by:

    1. Wood, Geof & Gough, Ian, 2006. "A Comparative Welfare Regime Approach to Global Social Policy," World Development, Elsevier, vol. 34(10), pages 1696-1712, October.
    2. Lorraine van Blerk & Nicola Ansell, 2007. "Alternative care giving in the context of Aids in southern Africa: complex strategies for care," Journal of International Development, John Wiley & Sons, Ltd., vol. 19(7), pages 865-884.
    3. 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.
    4. 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.
    5. 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.
    6. 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.

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