Please use this identifier to cite or link to this item: https://doi.org/10.1016/j.jedc.2007.06.017
Title: The transfer paradox in a one-sector overlapping generations model
Authors: Cremers, E.T. 
Sen, P.
Keywords: Overlapping generations
Transfer paradox
Issue Date: 2008
Citation: Cremers, E.T., Sen, P. (2008). The transfer paradox in a one-sector overlapping generations model. Journal of Economic Dynamics and Control 32 (6) : 1995-2012. ScholarBank@NUS Repository. https://doi.org/10.1016/j.jedc.2007.06.017
Abstract: This paper examines the effects of international income transfers on capital accumulation and welfare in a one-sector overlapping generations model. It is shown that a strong form of the transfer paradox - in which the donor country experiences a welfare gain while the recipient country experiences a welfare loss - may occur both in and out of steady state. In addition, it is shown that a weak form of the transfer paradox - where either the donor or recipient (but not both) experiences a paradoxical welfare effect - may characterize all segments of the transition path not already characterized by the strong transfer paradox. © 2007 Elsevier B.V. All rights reserved.
Source Title: Journal of Economic Dynamics and Control
URI: http://scholarbank.nus.edu.sg/handle/10635/22386
ISSN: 01651889
DOI: 10.1016/j.jedc.2007.06.017
Appears in Collections:Staff Publications

Show full item record
Files in This Item:
There are no files associated with this item.

SCOPUSTM   
Citations

10
checked on Oct 18, 2018

WEB OF SCIENCETM
Citations

7
checked on Oct 10, 2018

Page view(s)

153
checked on Oct 6, 2018

Google ScholarTM

Check

Altmetric


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.