Intergenerational Flows of Time and Goods: Consequences of Slowing Population Growth
构建了一个包含时间使用的代际转移理论模型，利用时间预算和消费支出调查数据，估计了不同年龄群体在时间和商品消费上的年龄分布，发现代际转移净方向是从年轻到年老，且这些转移在黄金律假设下构成生育的外部性，但不足以抵消高生育率带来的资本稀释效应。
This paper develops a theoretical model of intergenerational transfers inc orporating time use. With the aid of time budget and consumer expendi ture surveys, empirical estimates of the age profiles of various type s of time and goods consumption are presented, and the authors conclu de that (1) the net direction of intergenerational transfers is from younger to older ages; (2) under the golden-rule assumption, these tr ansfers largely constitute an externality to childbearing; and (3) th ey are not large enough to offset the capital dilution effect that wo uld result from higher fertility and more rapid population growth. Copyright 1988 by University of Chicago Press.