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Intergenerational Transfers and Growth

In: Finance, Research, Education and Growth

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  • Giancarlo Marini
  • Pasquale Scaramozzino

Abstract

The future of the welfare state is under threat. There is a growing consensus that current systems cannot survive, not only because of their heavy pressure on public finances but also for motives of disincentive. In particular, the alleged adverse effects on private saving are thought to undermine seriously efficiency and growth. Special attention has been paid in recent years to reforming ‘unsustainable’ social security schemes. The conventional view is that social security is harmful to growth, although it may have some merits in enhancing equity.

Suggested Citation

  • Giancarlo Marini & Pasquale Scaramozzino, 2003. "Intergenerational Transfers and Growth," Palgrave Macmillan Books, in: Luigi Paganetto & Edmund S. Phelps (ed.), Finance, Research, Education and Growth, chapter 3, pages 38-48, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-4039-2023-2_3
    DOI: 10.1057/9781403920232_3
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    Cited by:

    1. Giammarioli, Nicola & Annicchiarico, Barbara, 2004. "Fiscal rules and sustainability of public finances in an endogenous growth model," Working Paper Series 381, European Central Bank.

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