10574 Intergenerational Economics 1

Credits: 3 advanced credits in Economics

Prerequisites: 36 credits, including Introduction to Microeconomics, Introduction to Macroeconomics, Price Theory I. Students must also fulfill all English requirements and take bibliographic instruction in the Library.

Recommended: Macroeconomics I, Macroeconomics II, Price Theory II, Price Theory III, Econometrics

Author: Mordechai E. Schwarz

The course deals with the mutual economic relations between overlapping generations. It is divided into a discussion of the microeconomic aspects and the macroeconomic aspects of intergenerational transfers and the interaction between these two seemingly unrelated areas.

Topics: Intergenerational transfers from a microeconomic perspective; Intergenerational transfers from a macroeconomic perspective; Generational accounting (including generational accounts of the State of Israel and international comparisons); Social security from an intergenerational perspective (including the history of the pension system in Israel); Bounded rationality, paternalism and government intervention.

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1Students may write a seminar paper in this course, although it is not required.