Abstract
Intergenerational transfers may be conducted in two ways; private transfers in the form of financial bequests and human capital investment and public transfers in the form of social security. This paper attempts to analyse the normative role of public transfers such as pay-as-you-go social security in the dynamic framework of an overlapping generations growth model in which private transfers are operative and crucial for positive economic growth.
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© 1996 Springer Science+Business Media Dordrecht
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Ihori, T. (1996). Optimal Intergenerational Transfers in an Endogenous Growth Model with Bequests. In: Sato, R., Ramachandran, R., Hori, H. (eds) Organization, Performance and Equity. Research Monographs in Japan-U.S. Business & Economics, vol 1. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-6267-2_6
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DOI: https://doi.org/10.1007/978-1-4615-6267-2_6
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