IDEAS home Printed from https://ideas.repec.org/a/bla/labour/v12y1998i1p101-117.html
   My bibliography  Save this article

Pensions, Growth and Concern about the Young

Author

Listed:
  • Luca Beltrametti
  • Luigi Bonatti

Abstract

Within an overlapping generations framework, we show that the proportion of old age consumption financed by a pay‐as‐you‐go system can be neutral with respect to the growth path of the economy in the presence of intergenerational transfers implemented by altruistic households or by a fiscal authority. The crucial impact on growth of society's propensity to favour the elderly is discussed. Furthermore, we offer an explanation for the existence of an authority redistributing income among generations when households are selfish. This concerns the fact that it is impossible for young agents to precommit themselves not to ask for some redistribution in their favour when old.

Suggested Citation

  • Luca Beltrametti & Luigi Bonatti, 1998. "Pensions, Growth and Concern about the Young," LABOUR, CEIS, vol. 12(1), pages 101-117, March.
    • Handle: RePEc:bla:labour:v:12:y:1998:i:1:p:101-117
    DOI: 10.1111/1467-9914.00058
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/1467-9914.00058
    Download Restriction: no
    File URL: https://libkey.io/10.1111/1467-9914.00058?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:labour:v:12:y:1998:i:1:p:101-117. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/csrotit.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.