| 来源类型 | Working papers
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| 规范类型 | 论文
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| DOI | 10.3929/ethz-a-005286662
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| Intergenerational transfers, lifetime welfare and resource preservation |
| Valente, Simone
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| 发表日期 | 2006-10
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| 出版者 | Eidgenössische Technische Hochschule Zürich
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| 出版年 | 2006
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| 语种 | 英语
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| 摘要 | This paper analyzes overlapping-generations models where natural capital is owned by sel sh agents. Transfers in favor of young agents reduce the rate of depletion and increase output growth. It is shown that intergenerational transfers may be preferred to laissez-faire by an inde nite sequence of generations: if the resource share in production is su¢ ciently high, the welfare gain induced by preservation compensates for the loss due to taxation. This conclusion is reinforced when other assets are available, e.g. man-made capital, claims on monopoly rents, and R&D investment. Transfers raise the welfare of all generations, except that of the first resource owner: if resource endowments are taxed at time zero, all successive generations support resource-saving policies for purely sel sh reasons. |
| 主题 | FISKALPOLITIK
; Distortionary Taxation
; GENERATIONS + AGE GROUPS (SOCIOLOGY)
; Renewable Resources
; Overlapping Generations
; Intergenerational Transfers
; FISCAL POLICY
; Technological Change
; Sustainability
; GENERATIONEN + ALTERSKLASSEN (SOZIOLOGIE)
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| URL | https://www.research-collection.ethz.ch/handle/20.500.11850/46308
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| 来源智库 | Centre for Energy Policy and Economics (Switzerland)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/266647
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推荐引用方式
GB/T 7714 |
Valente, Simone. Intergenerational transfers, lifetime welfare and resource preservation. 2006.
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eth-29160-01.pdf
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eth-29160-01.jpg
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