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Please use this identifier to cite or link to this item: https://doi.org/10.1016/j.jedc.2007.06.017
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dc.titleThe transfer paradox in a one-sector overlapping generations model
dc.contributor.authorCremers, E.T.
dc.contributor.authorSen, P.
dc.date.accessioned2011-05-03T08:09:23Z
dc.date.available2011-05-03T08:09:23Z
dc.date.issued2008
dc.identifier.citationCremers, 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
dc.identifier.issn01651889
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/22386
dc.description.abstractThis 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.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1016/j.jedc.2007.06.017
dc.sourceScopus
dc.subjectOverlapping generations
dc.subjectTransfer paradox
dc.typeArticle
dc.contributor.departmentECONOMICS
dc.description.doi10.1016/j.jedc.2007.06.017
dc.description.sourcetitleJournal of Economic Dynamics and Control
dc.description.volume32
dc.description.issue6
dc.description.page1995-2012
dc.description.codenJEDCD
dc.identifier.isiut000256992200012
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