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This book is a collection of papers by leading scholars whose
research concerns economic transfers between generations. The
issues addressed have great relevance to demographic issues,
particularly the determination of fertility, to economic issues,
including equity and growth, and to public policy, especially
social security reform. Part I focuses on intergenerational
features of the macroeconomy. Advances in the construct ion of
generational accounts are described and used to examine how the
magnitude and direction of intergenerational transfers influences
demographic behaviour, the distribution of income and the
accumulation of wealth. Studies presented in Part II consider the
role of the state as a provider of economic security for the
elderly. The authors draw on international experience and discuss
many of the issues that must be confronted if efforts to reform
public pension programs are to be successful. Part III considers
the intergenerational behaviour of the family. The authors examine
competing theories in both industrialized and developing country
settings to consider how demographic change, the development of
financial institutions, public policy and other economic forces
influence the amount, form and timing of intergenerational
transfers.
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