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Transfers within a three Generations Family: When the Rotten Kids Turn into Altruistic Parents

Cremer, Helmuth; Roeder, Kerstin - CESifo - 2014

We study exchanges between three overlapping generations with non-dynastic altruism. The middleaged choose informal care provided to their parents and education expenditures for their children. The young enjoy their education, while the old may leave a bequest to their children. Within each...

Persistent link: https://www.econbiz.de/10010790169

Generous Sustainability

Gerlagh, Reyer - CESifo - 2014

I define “generous sustainability” as a combination of two conditions: neither instantaneous maximin income nor attainable maximin income should decrease over time. I provide a formal definition and study applications to an AK economy, a Ramsey economy, and a Climate Economy. Generosity is...

Persistent link: https://www.econbiz.de/10011086452

Sustainability and Discounted Utilitarianism in Models of Economic Growth

Asheim, Geir B.; Mitra, Tapan - CESifo - 2009

Discounted utilitarianism treats generations unequally and leads to seemingly unappealing consequences in some models … of economic growth. Instead, this paper presents and applies sustainable discounted utilitarianism (SDU). SDU respects … the interests of future generations and resolves intergenerational conflicts by imposing on discounted utilitarianism that …

Persistent link: https://www.econbiz.de/10005181313

Justifying Social Discounting: The Rank-Discounted Utilitarian Approach

Zuber, Stéphane; Asheim, Geir B. - CESifo - 2010

utilitarianism on non-decreasing streams, but it treats all generations impartially: discounting becomes the mere expression of …

Persistent link: https://www.econbiz.de/10008671700

Climate Policy under Sustainable Discounted Utilitarianism

Dietz, Simon; Asheim, Geir B. - CESifo - 2011

utilitarianism (DU). DU is controversial, both due to the conditions through which it is justified and due to its consequences for … measures to justify their present costs. In this paper, we propose sustainable discounted utilitarianism (SDU) as an … alternative principle for evaluation of climate policy. Unlike undiscounted utilitarianism, which always assigns zero relative …

Persistent link: https://www.econbiz.de/10009293489

A Complete and Strongly Anonymous Leximin Relation on Infinite Streams

Asheim, Geir B.; Zuber, Stéphane - CESifo - 2011

extended rank-discounted utilitarianism for any utility function, as the discount factor approaches zero. …

Persistent link: https://www.econbiz.de/10009294098

Trading Off Generations: Infinitely Lived Agent Versus OLG

Schneider, Maik T.; Traeger, Christian; Winkler, Ralph - CESifo - 2012

The prevailing literature discusses intergenerational trade-offs in climate change predominantly in terms of the Ramsey equation relying on the infinitely lived agent model. We discuss these trade-offs in a continuous time OLG framework and relate our results to the infinitely lived agent...

Persistent link: https://www.econbiz.de/10009649700

Combining Rights and Welfarism: A New Approach to Intertemporal Evaluation of Social Alternatives

Long, Ngo Van; Martinet, Vincent - CESifo - 2012

We propose a new criterion which reflects both the concern for welfare (utility) and the concern for rights in the evaluation of economic development paths. The concern for rights is captured by a pre-ordering over combinations of thresholds (floors or ceilings on various quantitative...

Persistent link: https://www.econbiz.de/10009651182

The Trade-off between Intra- and Intergenerational Equity in Climate Policy

Kverndokk, Snorre; Nævdal, Eric; Nøstbakken, Linda - CESifo - 2013

This paper focuses on two equity dimensions of climate policy, intra- and intergenerational, and analyzes the implications of equity preferences on climate policy, and on the production and consumption patterns in rich and poor countries. We develop a dynamic two-region model, in which each...

Persistent link: https://www.econbiz.de/10010877658

Social Security Systems, Human Capital, and Growth in a Small Open Economy

Kaganovich, Michael; Meier, Volker - CESifo - 2008

We consider a small open economy in which the level of public education funding is determined by popular vote. We show that growth can be enhanced by the introduction of pay-as-you-go pensions even if the growth rate of aggregate wages falls short of the interest rate. The reason is that the...

Persistent link: https://www.econbiz.de/10005181440