Economics, Econometrics and Finance
4 years ago

Present-day governments prioritize short-term growth over future generations, study finds.

RePEc: Research Papers in Economics
Second-best national saving and growth with intergenerational disagreement
Francisco M. González, Itziar Lazkano, Sjak Smulders

Paper Summary

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The article discusses how disagreements between different generations can affect a country's saving and economic growth. When people care more about the present or future, it can lead to problems with fairness between generations. Governments may make choices that benefit the current generation but harm future ones. This can happen even if everyone cares about future generations.