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The Economics of Public Debt pp 149–197Cite as

Palgrave Macmillan

Debt and Burden and Intergeneration Equity

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Abstract

This chapter investigates an important aspect of the debt problem, namely the proposition that debt finance burdens future generations. If so, this can be both a critique of borrowing (since it may be abused by burdening future generations with the cost of services which are enjoyed currently) and an argument for borrowing (since it may be used to secure intergeneration equity by passing on part of the cast of capital outlays to the future).

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Author information

Authors and Affiliations

  1. Osaka University, Japan

    Toshihiro Ihori

Authors
  1. Toshihiro Ihori
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Editor information

Kenneth J. Arrow Michael J. Boskin

Copyright information

© 1988 International Economic Association

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Cite this chapter

Ihori, T. (1988). Debt and Burden and Intergeneration Equity. In: Arrow, K.J., Boskin, M.J. (eds) The Economics of Public Debt. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-19459-9_6

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