Equity between overlapping generations

Quiggin, John (2012) Equity between overlapping generations. Journal of Public Economic Theory, 14 2: 273-284. doi:10.1111/j.1467-9779.2011.01540.x

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Author Quiggin, John
Title Equity between overlapping generations
Journal name Journal of Public Economic Theory   Check publisher's open access policy
ISSN 1097-3923
1467-9779
Publication date 2012-03
Sub-type Article (original research)
DOI 10.1111/j.1467-9779.2011.01540.x
Open Access Status
Volume 14
Issue 2
Start page 273
End page 284
Total pages 12
Place of publication Hoboken, NJ, United States
Publisher Wiley-Blackwell Publishing
Collection year 2013
Language eng
Formatted abstract
This note is a demonstration that, in the presence of overlapping generations and under standard conditions for a social welfare ordering (Pareto optimality, transitivity, and independence), the only ordering consistent with utilitarianism for all people currently alive at any given point in time is one based on weighting all people equally, regardless of their date of birth. In particular, this implies that, under reasonable conditions, the pure rate of social time preference is zero.
Keyword Intergenerational equity
Climate-change
Stern
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Official 2013 Collection
School of Economics Publications
 
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Created: Mon, 14 May 2012, 22:17:25 EST by System User on behalf of School of Economics