Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/75711
Authors: 
Poutvaara, Panu
Year of Publication: 
2001
Series/Report no.: 
CESifo Working Paper 500
Abstract: 
It has been argued that in the absence of altruism, intergenerational transfers can survive only if the old are net recipients. I prove that this need not hold in an over-lapping generations model with a fixed factor. For example, the middle-aged owning land may gain by providing public education even when they cannot tax the young. This requires that labor is not mobile. Furthermore, establishing public education may benefit only the generation which pays for education twice, first for itself and then for the next generation.
Subjects: 
Intergenerational goods
education
land
gerontocracy
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.