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- W2133314996 abstract "The economics of relations and transfers between generations focuses on a particular field of analysis, that of growth, viewed primarily on the macroeconomic scale and from a long-term viewpoint. This growth is analysed mainly in two forms: 1. “sustainable” growth, based on the rational management of non-renewable resources for the sake of future generations; 2. “optimal” growth, generated by an accumulation of capital which obliges present generations to sacrifice a share of their resources for the benefit of future generations. These two basic transfer mechanisms are associated with others, which may be private (bequests or inheritances, aids or gifts), public (debt, pay-as-yougo pensions) or combined, involving both the family and the state: education of young children, support for elderly parents. Taking place in most cases between overlapping (contemporary) generations, these transfers are often a topic of controversy, lying at the very heart of the debate on intraand – more recently – inter-generational equity (Schubert 1995). Economists studying intergenerational relations and the foundations of growth, invariably attribute the specificity of these questions to two factors: – the limits inherent to the market, which only permits exchanges, even deferred, between contemporaries, with all private contracts requiring the simultaneous presence of both contracting parties;" @default.
- W2133314996 created "2016-06-24" @default.
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- W2133314996 date "2007-09-05" @default.
- W2133314996 modified "2023-09-27" @default.
- W2133314996 title "Economics of the Intergenerational Debate: Normative, Accounting and Political Viewpoints" @default.
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- W2133314996 doi "https://doi.org/10.1007/978-1-4020-5973-5_3" @default.
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