The Transfer Problem and Intergenerational Allocation in an Overlapping Generations Model
The Transfer Problem and Intergenerational Allocation in an Overlapping Generations Model
复制标题
代际重叠模型中的转移问题和代际分配
DOI：
10.1080/10168737.2016.1204345
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发表时间：
2016
影响因子：
1.1
通讯作者：
Akihiko Kaneko and Mitsuyoshi Yanagihara
中科院分区：
文献类型：
--
作者：
Kojun Hamada;Akihiko Kaneko and Mitsuyoshi Yanagihara
我们研究了两个国家之间的转移问题，在一个部门重叠的世代模型的稳定状态，并解释如何转移应共享之间的年轻和年老的几代人的捐助国和分配跨越几代人的受援国。除了资本积累的黄金法则之外，年轻一代和老年一代之间的负担比例和转移分配影响福利。我们得到以下结果。第一，捐助国转移负担的分担取决于两种效应的相对大小，即消极的直接效应和积极的间接效应。如果前者超过后者，捐助国最好将所有转移负担分配给老一代，反之亦然。第二，从福利最大化的观点来看，接受国最好将转移支付全部分配给年轻一代。与现有文献相比，这些结果表明，从捐助者福利最大化的角度来看，捐助国的年轻一代支付所有转移成本的设置可能是不合理的。
We investigate the transfer problem between two countries in the steady state in a one-sector overlapping generations model and explain how transfers should be shared between the young and old generations of the donor country and allocated across the generations of the recipient country. Except at the golden rule of capital accumulation, the ratios of the burden and distribution of transfers between the young and old generations affect welfare. We obtain the following results. First, the sharing of the transfer burden in the donor country depends on the relative size of two effects, namely, a negative direct effect and a positive indirect effect. If the former exceeds the latter, it is preferable for the donor country to allocate all of the transfer burden to the old generation and vice versa. Second, from the viewpoint of welfare maximization, it is preferable for the recipient country to distribute all of the transfers to the young generation. In contrast to the existing literature, these results suggest that the setting whereby the young generation of the donor country defrays all transfer costs may not be justifiable from the viewpoint of donor welfare maximization.