Villanueva, Ernesto - In: Economic Policy 20 (2005) 43, pp. 505-565
type="main" xml:lang="en" <title type="main">SUMMARY</title> </section> <title type="main">Gifts and bequests</title> <p> Reforms reducing the generosity of pensions have distributional effects on future generations if individuals care about their descendants’ welfare, but only affect elderly individuals if bequests are the unintentional result of...</p>