Torben M. Andersen

Longevity, Growth and Intergenerational Equity - The Deterministic Case

Publikation: Working paperForskning

Dokumenter

  • Wp10 19

    Forlagets udgivne version, 539 KB, PDF-dokument

  • Institut for Økonomi
Challenges raised by ageing (increasing longevity) have prompted policy debates
featuring policy proposals justified by reference to some notion of intergenerational
equity. However, very different policies ranging from pre-savings
to indexation of retirement ages have been justified in this way. We develop an
overlapping generations model in continuous time which encompasses different
generations with different mortality rates and thus longevity. Allowing for both
trend increases in longevity and productivity, we address the issue of intergenerational
equity under a utilitarian criterion when future generations are better off
in terms of both material and non-material well being. Increases in productivity
and longevity are shown to have very different implications for intergenerational
distribution.
OriginalsprogEngelsk
UdgivelsesstedAarhus
UdgiverInstitut for Økonomi, Aarhus Universitet
Antal sider55
StatusUdgivet - 2010

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