Intertemporal Equilibrium and the Transfer Paradox

S-Tier
Journal: Review of Economic Studies
Year: 1987
Volume: 54
Issue: 1
Pages: 147-156

Authors (2)

O. Galor (Brown University) H. M. Polemarchakis (not in RePEc)

Score contribution per author:

4.022 = (α=2.01 / 2 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

The transfer paradox may occur in a world with only two countries at a dynamically stable intertemporal competitive equilibrium. In a framework of overlapping generations with production and investment, a transfer of income may immiserize the recipient while enriching the donor. Away from the golden rule, a transfer may result in a Pareto improvement.

Technical Details

RePEc Handle
repec:oup:restud:v:54:y:1987:i:1:p:147-156.
Journal Field
General
Author Count
2
Added to Database
2026-01-25