Who Wins and Who Loses? Public Transfer Accounts for US Generations Born 1850 to 2090
Bibliographic Data
| ID | 4122626 |
|---|---|
| Authors | Antoine Bommier (0000-0003-4691-1507, Centre National de la Recherche Scientifique), Ronald D Lee (0000-0001-9755-0436, National Bureau of Economic Research), Ronald Lee, Timothy Miller (0000-0003-4032-7430, National Bureau of Economic Research), Tim Miller (0000-0002-2458-5336), Stéphane Zuber (0000-0001-9464-7048, National Bureau of Economic Research) |
| Year | 2010 |
| Volume | 36 |
| Issue | 1 |
| Pages | 1-26 |
| Publication date | 2010-03-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Population and Development Review (JOURNAL) |
| Journal identifiers | ISSN: 0098-7921 • E-ISSN: 1728-4457 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1728-4457.2010.00315.x |
| PMID | 20300431 |
| OpenAlex | W2157693891 |
| Language | EN |
| Citations received | 14 |
| References cited | 11 |
Public transfer programs in industrial countries are thought to benefit the elderly through pension and health care programs at the expense of the young and future generations. This intergenerational picture changes, however, if public education is also considered as a transfer program. We calculate the net present value at birth of benefits received minus taxes paid for US generations born 1850 to 2090. Surprisingly, all generations 1950 to 2050 are net gainers, while many current elderly are net losers. Windfall gains from starting Social Security and Medicare partially offset windfall losses from starting public education, roughly consistent with the arguments of Becker and Murphy
Birth rate · Demographic economics · Economic growth · Economics · Fertility · Labour economics · Macroeconomics · Market economy · Old Age Security · Overlapping generations model · Pension · Political science · Population · Public education · Social mobility · Social security · Sociology · Transfer payment · Value (mathematics) · Windfall gain · Demography · Financial Literacy, Pension, Retirement Analysis · Fiscal Policy and Economic Growth · Global Health Care Issues · Law
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| Unique citing works | 14 |
|---|---|
| Citations per year | 0,7 |
| Citation span | 2006 - 2018 (13) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 13 |