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S. C. Hu, “Social Security, the Supply of Labor and Capital Accumulation,” American Economic Review, Vol. 69, No. 3, 1979, pp. 274-284.

has been cited by the following article:

• TITLE: What Is the Natural Weight of the Current Old?

  AUTHORS: Damien Gaumont, Daniel Leonard

  KEYWORDS: Overlapping Generations Model; Learning-by-Doing; Social Welfare

  JOURNAL NAME: Theoretical Economics Letters, Vol.3 No.5, October 17, 2013

  ABSTRACT: We consider a simple overlapping generations model with an externality à la Arrow-Romer [1,2] and a government with fiscal powers. If it wishes to maximize a criterion depending on the lifelong utility of agents, is there a natural weight for the utility of the current old? We show in a simple example that this weight depends on the specific features of the model, in particular the length of the horizon, and cannot be chosen arbitrarily. Our result has a neat economic interpretation [2].