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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/19096
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| Title: | | The political economy of intergenerational cooperation  |
| Authors: | | Cigno, Alessandro |
| Issue Date: | | 2005 |
| Series/Report no.: | | CESifo working papers 1632 |
| Abstract: | | The paper examines the scope for mutually beneficial intergenerational cooperation, and looks at various attempts to theoretically explain the emergence of norms and institutions that facilitate this cooperation. After establishing a normative framework, we examine the properties of the laissez-faire solution in a pure market economy, and in one where reproductive decisions and intergenerational transfers are governed by self-enforcing family constitutions. We then show that first and second-best policies include a pension and a child benefit scheme. Finally, we look at the possibility that intergenerational redistribution might be supported by either a constitution, or some kind of voting equilibrium. |
| Subjects: | | intergenerational cooperation family fertility saving private transfers education child benefits pensions self-enforcing constitutions |
| JEL: | | J1 I2 H5 H31 D7 D91 D82 H2 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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