Haku
Viitteet 1-1 / 1
Gerontocracy Revisited: Unilateral Transfer to the Young May Benefit the Middle-aged
(Valtion taloudellinen tutkimuskeskus VATT, 2002-05-22)
According to conventional wisdom, intergenerational transfers can survive, in the absence of altruism, only if the old are net recipients. I prove that this need not hold in an overlapping generations model with a fixed ...