Discounting dollars, discounting lives
Subtitle: intergenerational distributive justice and efficienc
By: Louis Kaplow.
Contributors: John M. Olin Center for Law, Economics, and Business.
Series: Discussion paper -- no. 550; Discussion paper (John M. Olin Center for Law, Economics, and Business : Online) -- no. 550.
Publisher: Harvard Law School
Published: 2006
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Description: "The view that intergenerational distributive justice and efficiency should be treated separately is familiar, yet controversial.  This article elaborates the often-implicit justifications for separate treatment and provides a more express statement of how and when such treatment is appropriate.  Substantial attention is devoted to an approach that holds constant the intra- and intergenerational distribution of well-being, which proves to be a valuable analytical device even for intergenerational policies that are not distribution neutral.  Also explored are possible interrelationships between intergenerational distributive justice and efficiency, the choice of interest rate for discounting dollars, and how the present approach relates to those that would employ direct social weights to dollars at different points in time"--John M. Olin Center for Law, Economics, and Business web site.
Notes: Title from PDF file as viewed on 3/19/2007.

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.