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overlapping generationspublic capitaldiscount rateintergenerationale Übertragungintergenerational transferoptimal publicpublic investmentÖffentliche investitiongovernment transfersestimates optimalcapital stocksstocks japanjapan usingusing publicinvestment discountrate frameworkÖffentliche sozialleistungensocial security benefitssoziale diskontratesocial discount rateÖffentliches vermögenstate owned assetsfamily planningaltruism environmentalenvironmental externalityexternality fertilityliquidity constraintbequest motivesmotives fertilityfertility decisionstransfers samaritansamaritan dilemmadilemma familymodel attentionattention bequesteffect publicpublic pensionsframework estimatesricardian equivalenceincomplete informationpublic discountjapanese economyexterner effekthuman capital investmentfamily economicsintergenerational equityunvollkommene informationricardianische Äquivalenzfamily locationlocation patternpattern distributiondistribution parentalparental bequestsbequests childrenchildren altruismfertility altruismaltruism liquidityconstraint investmentinvestment educationeducation altruismaltruism liquidtyconstraint educationdecisions effectsrkt retret bequestmicro macrocomment altigaltig davispurpose paperlevel publicjapan useestimating productionperiod keykey wordswords publiccapital japaneseeconomygesetzliche rentenversicherung1960 1982
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