This paper examines the effects of international income transfers on welfare and capital accumulation in a one-sector … overlapping generations model. It is shown that a strong form of the transfer paradox-- in which the donor country experiences a …

This paper examines the effects of international income transfers on welfare and capital accumulation in a one-sector … overlapping generations model. It is shown that a strong form of the transfer paradox-- in which the donor country experiences a … CDE August, 2007 The Transfer Paradox in a One-Sector Overlapping Generations Model Partha …