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Governments in resource abundant economies face a tradeo¤ between transferring wealth to present generations and saving for future generations. Employing an overlapping generations framework with endogenous growth, this paper analyzes the intergenerational welfare e¤ects of: (1) a wealth transfer policy where the entire wealth is transferred to the generations alive at present; (2) an income transfer policy where the wealth is saved and the permanent income of the wealth is transferred to alldoi:10.1080/00036846.2011.605762 fatcat:tkfqnoha3zbglb2uahtafmzwgq