G2TT
来源类型Working papers
规范类型论文
DOI10.3929/ethz-a-005286662
Intergenerational transfers, lifetime welfare and resource preservation
Valente, Simone
发表日期2006-10
出版者Eidgenössische Technische Hochschule Zürich
出版年2006
语种英语
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)
URLhttps://www.research-collection.ethz.ch/handle/20.500.11850/46308
来源智库Centre for Energy Policy and Economics (Switzerland)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/266647
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Valente, Simone. Intergenerational transfers, lifetime welfare and resource preservation. 2006.
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