Intergenerational Economics WS05/06

[ Overview | Course Outline | Literature]

 

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    Part I: The family perspective

 

1.    Intergenerational and Interhousehold Economic Links

    1.1    Introduction

    1.2    Altruism

    1.3    More sophisticated models with altruism

    1.4    Transaction cost approach

    *1.5    The socioeconomic determinants of children outcomes

 

2.    Human Capital: Education and Health

    2.1    Introduction

    2.2    The Intertemporal Character of Educational Decisions

        2.2.1  The Theory of Human Capital

        2.2.2  Life-Cycle Theory: Dynamic Optimization

        2.2.3  Incentives for Public Education in a PAYG Pension System

    2.3    Credit Constraints and Education Policies

       2.3.1  Theory

       2.3.2  Evidence on Credit Constraints

       2.3.3  The Life Cycle of Education Policies

       2.3.4  Pensions and Public Education: Links between Intergenerational Transfers

    2.4    Intergenerational Mobility

        2.4.1  Theory

        2.4.2  Measuring Intergenerational Earnings Mobility

        2.4.3  Measuring Intergenerational Educational Mobility

        2.4.4  Nature vs. Nurture

        2.4.5 Biology as Destiny - Intergenerational Transmission of Birth Weight

    *2.5   Public vs. Private Financing and Provision

     *2.6   The Trade-off between Child Quantity and Quality

 

    Part II: The public finance perspective (Handout with literature)

 

3. Intergenerational redistribution

3.1) Introduction (Handout)

1.1 Plan of the course (2nd part)

1.2 Demographic development

1.3 Characteristics of pension systems / classification

1.4 Reform activities in selected countries

 

3.2) Mechanisms of unfunded pension systems

2.1 Introduction: OLG

2.2 Implicit taxes

2.3 Implicit debt

2.4 Evaluation

 

3.3) Transition from unfunded pension systems

3.1 Efficiency considerations

3.2 Transition with capital market imperfections

 

3.4) Unfunded systems in open economy

4.1 Implicit taxes in an international context

4.2 Two Bismarckian pension systems

4.3 Beveridge versus Bismarck

 

3.5) … and Political Economy

5.1 General considerations

5.2 Basic voting model

5.3 Voting model with ageing

 

3.6) … and Education

6.1 Intergenerational redistribution and education

6.2 Intergenerational redistribution, human capital investment and mobility

 

4. Public Debt

1.1       Introduction

1.2       Ricardian equivalence