Intergenerational geometric transfers of income
Abstract
We study intergenerational transfers of income. In our stylized model, each generation in an infinite (but countable) stream is endowed with some income. An allocation rule associates with each infinite stream another stream, thus involving intergenerational transfers of income. We single out a family of geometric rules as a consequence of imposing axioms formalizing the principles of consistency, continuity and independence (as well as the basic requirements of feasibility and scale invariance).
Fields of Study & Subjects
Game Theory and Voting Systems
Income
Poverty
and Inequality
Economic theories and models
Publication details
- Journal / source
- arXiv (Cornell University)
- Publication date
- 10 March 2026
- Language
- EN
- Document type
- Preprint