PER Distinguished Lecture Series: Christian Gollier

February 12, 2016 - 8:15am - 9:45am
Location: 
1027 International Affairs Building
420 west 118th Street, #1027
New York, NY 10027
United States

 

 

PER Distinguished Lecture Series: Christian Gollier

"Do we do enough for the future?"

 

Friday, February 12, 2016

1:15pm-2:45pm

1027 International Affairs Building

Light refreshments will be served.

 

Do we do enough for the future? This question is related to various current issues, from the reduction of sovereign debt around the world, pension reform, the fight against climate change, the preservation of natural resources, the level of public investment in infrastructure, or the fiscal treatment of long-term savings, for example. Our social responsibility towards future generations is decentralized through the choice of the discount rate, which determines the trade-off between present sacrifices and future benefits. How should we define the efficient level of long-termism? In this presentation, I will summarize the recent new insights in the economic analysis of the question, mixing results from finance theory, decision theory and welfare economics.