migration, reduces climate change, increases North-South inequality if DRTS are significant; (v) a greener technology reduces … long-run migration, provides a double- dividend in favor of the environment, reduces inequality if the migrants' impact to … overall climate change is large. The preference over the policies thus depends on whether the policy maker targets inequality …

An unfunded Social Security system faces the major risk, sometimes referred to as "political risk", that future … generations modify or even suppress the contributions. In order to account properly for this risk, the paper considers a political … the economy. The impact of various factors -intra-generational redistribution, risk aversion, financial markets …

risk that savings in unbacked assets (like fiat money or public debt) become worthless implies that, not only the first …