On Overlapping Generations Models with Productive Capital

Name: On Overlapping Generations Models with Productive Capital
Brand: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
SKU: 9783540616030
Price: 276.48 RON
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Autor: Günther Lang

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Editura: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG

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276.48 lei

This book was born out of a five-years research at Sonderforschungsbe reich 303 by the Deutsche Fors...

Informații despre carte

Autor

Günther Lang

Limbă

engleză

Legare

Carte - Carte broșată

Publicat

1996

Pagini

EAN

9783540616030

ISBN

3540616039

Enbook ID

06809517

Editura

Springer-Verlag Berlin and Heidelberg GmbH & Co. KG

Greutate

189

Dimensiuni

155 x 235 x 7

Descriere completă

This book was born out of a five-years research at Sonderforschungsbe reich 303 by the Deutsche Forschungsgemeinschaft (DFG) at Rheinische Friedrich-Wilhelms-Universitiit Bonn and was approved as my doctoral thesis by the Rechts-und Staatswissenschaftliche Fakultiit in December 1994. It was my former colleague Wolfgang Peters who had drawn my atten tion to overlapping-generations models and to problems of intergenerational efficiency and distribution. The subtle connection between the latter two has been fascinating me from the very beginning: redistribution of the results of free trade can become necessary from the point of view of efficiency, although no externalities hamper the development of an economy. In spite of being a matured part of economics, neoclassical growth theory had left many questions unsolved, some of them even unrecognized by a large part of our profession. I took up the challenge to contribute to the investigation of some of these thorny problems. One of these issues is the often quoted idea of the inter generational con tract. Although intergenerational transfers can improve intertemporal effi ciency, the design of pension schemes to achieve an improvement of well-being of some generations without hurting that of any other, is not an easy task in an economy with flexible prices. Quite frequently, only interest rate and growth rate are taken into account when deciding on whether a generation wins or looses.

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On Overlapping Generations Models with Productive Capital

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