Intergenerational transfer schemes as incomplete social contracts

Constitutional Political Economy

Volumn 13, Issue 4, 2002, Pages 337-359

  Wagener, Andreas ^a  

^a UNIVERSITY OF SIEGEN   (Germany)

Author keywords

Incomplete contracts; Intergenerational transfers; Social contracts

Indexed keywords

EID: 34248071513     PISSN: 10434062     EISSN: None     Source Type: Journal    
DOI: 10.1023/A:1020858920044     Document Type: Article

References (47)

1. Aghion, P., and Bolton, P. (2001) Incomplete Social Contracts. Mimeo: Princeton University.
2. Alchian, A., and Demsetz, H. (1972) "Production, Information Cost, and Economic Organization." American Economic Review 62: 111-91.
3. Altonji, J., Hayashi, F., and Kotlikoff, L. F. (1992) "Is the Extended Family Altruistically Linked? Direct Tests Using Micro Data." American Economic Review 82: 1177-98.
4. Altonji, J., Hayashi, F., and Kotlikoff, L. F. (1997) "Parental Altruism and Inter Vivos Transfers: Theory and Evidence." Journal of Political Economy 105: 1121-66.
5. Azariadis, C., and Galasso, V. (1998) "Constitutional 'Rules' and Intergenerational Fiscal Policy." Constitutional Political Economy 9: 67-74.
6. Becker, G. S., and Murphy, K. (1988) "The Family and the State." Journal of Law and Economics 21: 1-18.
7. Boldrin, M., and Rustichini, A. (2000) "Political Equilibria with Social Security. " Review of Economic Dynamics 3: 41-78.
8. Boucher, D., and Kelly, P. (1994) "The Social Contract and its Critics: An Overview." In: Boucher, D., and Kelly, P. (eds.) The Social Contract from Hobbes to Rawls, pp. 1-34. London/New York: Routledge.
9. Browning, E. (1975) "Why the Social Insurance Budget is too Large in a Democracy." Economic Inquiry 13: 373-88.
10. Caillaud, B., and Cohen, D. (2000) "Inter-Generational Transfers and Common Values in a Society." European Economic Review 44: 1091-103.
11. Castiglione, D. (1994) "History, Reason and Experience. Hume's Arguments Against Contract Theories." In: Boucher, D., and Kelly, P. (eds.) The Social Contract from Hobbes to Rawls, pp. 95-114. London/New York: Routledge.
12. Che, Y.-K., and Hausch, D. B. (1999) "Cooperative Investments and the Value of Contracting." American Economic Review 89: 125-47.
13. Chung, T.-Y. (1991) "Incomplete Contracts, Specific Investments, and Risk Sharing." Review of Economic Studies 58: 1031-42.
14. Cigno, A. (1993) "Intergenerational Transfers without Altruism. Family, Market and State." European Journal of Political Economy 9: 505-18.
15. de Jasay, A. (1989) Social Contract, Free Ride. Oxford: Clarendon Press.
16. Diamond, P. A. (1977) "A Framework for Social Security Analysis." Journal of Public Economics 8: 275-98.
17. Doeleman, J. A., and Sandler, T. (1998) "The Intergenerational Case of Missing Markets and Missing Voters." Land Economics 74: 1-15.
18. Edlin, A. S., and Reichelstein, S. (1996) "Holdups, Standard Breach Remedies, and Optimal Investment." American Economic Review 86: 478-501.
19. Esteban, J. M., and Sákovics, J. (1993) "Intertemporal Transfer Institutions." Journal of Economic Theory 61: 189-205.
20. Hansson, I., and Stuart, C. (1980) "Social Security as Trade among Living Generations." American Economic Review 79: 1182-95.
21. Hart, O. (1995) Firms, Contracts, and Financial Structure. Oxford: Clarendon Press.
22. Hart, O., and Moore, J. (1988) "Incomplete Contracts and Renegotiation." Econometrica 56: 755-85.
23. Howarth, R. B. (1991) "Intergenerational Competitive Equilibria Under Technological Uncertainty and Exhaustible Resource Constraint." Journal of Environmental Economics and Management 21: 225-43.
24. Kandori, M. (1992) "Repeated Games Played by Overlapping Generations of Players." Review of Economic Studies 59: 81-92.
25. Kotlikoff, L. J., Persson, T., and Svensson, L. E. (1988) "Social Contracts as Assets: A Possible Solution to the Time-Consistency Problem." American Economic Review 78: 662-75.
26. Kreps, D. M., and Porteus, E. L. (1978) "Temporal Resolution of Uncertainty and Dynamic Choice Theory." Econometrica 46: 185-200.
27. Maskin, E., and Tirole, J. (1999) "Unforeseen Contingencies and Incomplete Contracts." Review of Economic Studies 66: 83-114.
28. Milgrom, P., and Roberts, J. (1990) "Rationalizability, Learning, and Equilibrium in Games with Strategic Complementarities." Econometrica 58: 1255-77.
29. Minois, G. (1989) History of Old Age: From Antiquity to the Renaissance. Chicago: The University of Chicago Press.
30. Nishimura, K., and Zang, J. (1992) "Pay-As-You-Go Public Pensions with Endogenous Fertility." Journal of Public Economics 48: 239-58.
31. Nöldeke, G., and Schmidt, K. (1995) "Option Contracts and Renegotiation: A Solution to the Hold-Up Problem." RAND Journal of Economics 26: 163-79.
32. Persson, T., Roland, G., and Tabellini, G. (1997) "Separation of Powers and Political Accountability." Quarterly Journal of Economics 111: 1163-202.
33. Pogue, T. F., and Sgontz, L. G. (1977) "Social Security and Investment in Human Capital." National Tax Journal 30: 157-69.
34. Rangel, A. (2000) "Forward and Backward Intergenerational Goods: A Theory of Intergenerational Exchange." NBER Working Paper 7518, Cambridge.
35. Rogerson, W. P. (1992) "Contractual Solutions to the Hold-Up Problem." Review of Economic Studies 59: 777-94.
36. Rubinstein, A., and Wolinsky, A. (1992) "Renegotiation-Proof Implementation and Time Preferences." American Economic Review 82: 600-14.
37. Salant, D. J. (1991) "A Repeated Game with Finitely Lived Overlapping Generations of Players." Games and Economic Behaviour 3: 244-59.
38. Samuelson, P. A. (1958) "An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money." Journal of Political Economy 66: 467-82.
39. Schwartz, G. A. (2000) "Contract Incompleteness, Contractual Enforcement and Bureaucracies." Working Papers in Economic Theory No. 00S16, Princeton University.
40. Swift, J. (1967 [1726]) Gulliver's Travels. London: Penguin Books.
41. Tabellini, G. (1991) "The Politics of Intergenerational Redistribution." Journal of Political Economy 99: 335-57.
42. Thomson, D. (1991) "The Welfare of the Elderly in the Past: A Family or Community Responsibility?" In: Pelling, M., Smith, and R. M. (eds.) Life, Death, and the Elderly, pp. 194-221. London: Routledge.
43. Tirole, J. (1994) "The Internal Organization of Government." Oxford Economic Papers 46: 1-29.
44. Treiber, A. (1988) Bäuerliche Altenfürsorge in Franken. Würzburg: Königshausen & Neumann.
45. Veall, M. (1986) "Public Pensions as Optimal Social Contracts." Journal of Public Economics 31: 237-51.
46. Verbon, H. A. A. (1988) "Explaining Pay-As-You-Go Financed Public Pension Systems." Economics Letters 28: 181-7.
47. Williamson, O. E. (1985) The Economic Institutions of Capitalism. New York: Macmillan (The Free Press).