Intergenerational Discounting and Inequality
Type
working paper
Date Issued
2024-06-19
Author(s)
Abstract
We study theories of justice that disentangle normative views on intergenerational discounting and intergenerational inequality. Any modular social welfare function is uniquely identified by a time-discounting functioncapturing attitudes across generations-and an aggregator function-capturing attitudes towards inequality. The rich choice of such functions allows our theories to include the most common welfare criteria adopted in the literature as special cases and unveils yet unexplored families of alternative criteria. Our axiomatic characterization clarifies the properties and limits of disentangling discounting and inequality.
Keywords
Intergenerational justice
discounting
inequality
Pages
48
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open.access
Name
ModularTheoriesJune19.pdf
Size
613.7 KB
Format
Adobe PDF
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