Intergenerational implications 

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fiscal prefunding response demographic uncertainty pdf
... is typically assumed to occur over the life-cycle and does not account for the intergenerational implications of uncertainty. as a result there may be a role for the government to ... rate response will be proportionally smaller. it is clear that each simulation will involve some intergenerational redistribution relative to the baseline. aggregating the equivalent variations over all cohorts gives a ...
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intergenerational risk sharing pdf
... d2. the constancy of z has some important implications. first, note from equation (3.13) that labour ... reward for risk taking increases the intergenerational payments and hence, raises the scope for intergenerational risk sharing. for higher degrees ... welfare gains from intergenerational risk sharing from the labour market distortions associated with income-related intergenerational transfers, we ...
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