No-envy and Efficiency in an Overlapping Generation Model

We address the issue of existence of an allocation rule that satis es both Pareto e ciency and a suitable notion of no-envy in the overlapping generations' economy formulated by Samuelson (1958). Recent contributions to dynamic social welfare analysis have insisted on intergenerational equity by comparing in nite horizon utility streams (see among others Fleurbaey and Michel 2003; Basu and Mitra 2003; Bossert, Sprumont and Suzumura 2007); in contrast to this literature, we will not assume any preference comparability nor the existence of an in nite living representative agent, our approach aims at nding and analysing extensions of static allocation rules to a simple dynamic overlapping generation model.