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dc.contributor.author
Schneider, Maik T.
dc.contributor.author
Traeger, Christian
dc.contributor.author
Winkler, Ralph
dc.date.accessioned
2019-05-24T13:35:54Z
dc.date.available
2017-06-09T08:41:39Z
dc.date.available
2017-08-24T08:04:59Z
dc.date.available
2019-05-24T13:35:54Z
dc.date.issued
2010-03
dc.identifier.uri
http://hdl.handle.net/20.500.11850/28174
dc.identifier.doi
10.3929/ethz-a-006032036
dc.description.abstract
The prevailing literature discusses intergenerational trade-offs predominantly in infinitely-lived agent models despite the finite lifetime of individuals. We discuss these trade-offs in a continuous time OLG framework and relate the results to the infinitely-lived agent setting. We identify three shortcomings of the latter: First, underlying normative assumptions about social preferences cannot be deduced unambiguously. Second, the distribution among generations living at the same time cannot be captured. Third, the optimal solution may not be implementable in overlapping generations market economies. Regarding the recent debate on climate change, we conclude that it is indispensable to explicitly consider the generations’ life cycles.
en_US
dc.format
application/pdf
en_US
dc.language.iso
en
en_US
dc.publisher
ETH Zurich, Center of Economic Research (CER-ETH)
en_US
dc.rights.uri
http://rightsstatements.org/page/InC-NC/1.0/
dc.subject
Climate change
en_US
dc.subject
Discounting
en_US
dc.subject
Infinitely-lived agents
en_US
dc.subject
Intergenerational equity
en_US
dc.subject
Overlapping generations
en_US
dc.subject
Time preferences
en_US
dc.title
Trading off generations: infinitely-lived agent versus OLG
en_US
dc.type
Working Paper
dc.rights.license
In Copyright - Non-Commercial Use Permitted
ethz.journal.title
Economics Working Paper Series
ethz.journal.volume
10/128
en_US
ethz.size
50 p.
en_US
ethz.code.ddc
3 - Social sciences::330 - Economics
en_US
ethz.code.ddc
3 - Social sciences::333.7 - Natural resources, energy and environment
en_US
ethz.code.jel
JEL - JEL::D - Microeconomics::D6 - Welfare Economics::D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
en_US
ethz.code.jel
JEL - JEL::H - Public Economics::H2 - Taxation, Subsidies, and Revenue::H23 - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
en_US
ethz.code.jel
JEL - JEL::Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics::Q5 - Environmental Economics::Q54 - Climate; Natural Disasters and Their Management; Global Warming
en_US
ethz.publication.place
Zurich
en_US
ethz.publication.status
published
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02045 - Dep. Geistes-, Sozial- u. Staatswiss. / Dep. of Humanities, Social and Pol.Sc.
en_US
ethz.leitzahl
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03729 - Gersbach, Hans / Gersbach, Hans
en_US
ethz.leitzahl.certified
ETH Zürich::00002 - ETH Zürich::00012 - Lehre und Forschung::00007 - Departemente::02120 - Dep. Management, Technologie und Ökon. / Dep. of Management, Technology, and Ec.::03729 - Gersbach, Hans / Gersbach, Hans
ethz.date.deposited
2017-06-09T08:41:58Z
ethz.source
ECOL
ethz.source
ECIT
ethz.identifier.importid
imp59366ae8411cb14955
ethz.identifier.importid
imp59364d85310bd26272
ethz.ecolpid
eth:1061
ethz.ecitpid
pub:47218
ethz.eth
yes
en_US
ethz.availability
Open access
en_US
ethz.rosetta.installDate
2017-07-19T07:39:47Z
ethz.rosetta.lastUpdated
2019-05-24T13:36:06Z
ethz.rosetta.versionExported
true
ethz.COinS
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