全球智库信息集成服务系统(G2TT): Intergenerational Risk Sharing

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w1730
来源ID	Working Paper 1730
	Intergenerational Risk Sharing
	Roger H. Gordon; Hal R. Varian
发表日期	1985-10-01
出版年	1985
语种	英语
摘要	In this paper, we argue that in designing government debt and tax-transfer policies, it is important to consider their implications for the allocation of risk between generations. There is no reason to presume that the market or the family can allocate risk efficiently to future generations, implying that stochastic government policies have the potential to create first-order welfare improvements. The model provides a non-Keynsian justification for debt-finance of wars and recessions, as well as an added rationale for Social Security type tax-transfer schemes which aid unlucky generations, e.g., the Depression generation,at the expense of luckier generations.
主题	Macroeconomics ; Public Economics
URL	https://www.nber.org/papers/w1730
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/558974
推荐引用方式 GB/T 7714	Roger H. Gordon,Hal R. Varian. Intergenerational Risk Sharing. 1985.