Abstract
In place of classical utility conceptions, policy discussions for intergenerational transfers of income involve the balancing of several desirable social goals: maintaining or improving the standard of living of (i) the working popuuion, (ii) the retired population, and (iii) maintaining a stable intergenerational transfer system. The new method of goal focusing achieves both the trade-off analyses of utility function methods at Pareto-efficient points and due accounting for the effects of multiple objectives. A goal-focusing approach is herein developed for the detailed quantitative analysis of intergenerational income transfers of a national social security system.
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