Accession Number : ADA138137
Title : A Goal Focusing Approach to Analysis of Intergenerational Transfers of Income: Theoretical Development and Preliminary Results.
Descriptive Note : Research rept.,
Corporate Author : TEXAS UNIV AT AUSTIN CENTER FOR CYBERNETIC STUDIES
Personal Author(s) : Charnes,A ; Cooper,W W ; Rousseau,J J ; Schinnar,A ; Terleckyj,N E
PDF Url : ADA138137
Report Date : Aug 1983
Pagination or Media Count : 28
Abstract : Existing analytical models of intergenerational transfers of income developed by economists deal with the criterion of equity of retirement systems but not with their stability. These models frequently assume a steady growth in population. However, present and projected population dynamics are characterized by very large changes in the age struture of the population. Governmental and private projection models used for analysis of government policies for social security and other age-determined transfer programs do rely on the current population projections, but they assume independence of future economic growth from the retirement system. Moreover, none of these models are formulated in a way that makes them operational for studying the numerous dynamic trade-offs and relative possibilities inherent in income transfer programs. Such information is central in striving to attain simultaneously the socially desirable goals of maintaining or improving the standards of living of both the working and retired populations and of maintaining an equitable and stable intergenerational transfer system. This paper proposes such an operationally implementable method of analysis empolying the new approach of goal focusing, derived from ideas of goal programming and efficient point analysis.
Descriptors : *Economic models, *Mathematical models, *Income, Goal programming, Population, Social security, Retirement, Taxes, Trade off analysis, Demography, Birth, Death
Subject Categories : Economics and Cost Analysis
Distribution Statement : APPROVED FOR PUBLIC RELEASE