'The only ethical argument for positive 𝛿'? 

Andreas Mogensen (Global Priorities Institute, Oxford University)

GPI Working Paper No. 5-2019, published in Philosophical Studies

I consider whether a positive rate of pure intergenerational time preference is justifiable in terms of agent-relative moral reasons relating to partiality between generations, an idea I call ​discounting for kinship​. I respond to Parfit's objections to discounting for kinship, but then highlight a number of apparent limitations of this approach. I show that these limitations largely fall away when we reflect on social discounting in the context of decisions that concern the global community as a whole.

Other working papers

The end of economic growth? Unintended consequences of a declining population – Charles I. Jones (Stanford University)

In many models, economic growth is driven by people discovering new ideas. These models typically assume either a constant or growing population. However, in high income countries today, fertility is already below its replacement rate: women are having fewer than two children on average. It is a distinct possibility — highlighted in the recent book, Empty Planet — that global population will decline rather than stabilize in the long run. …

Time Bias and Altruism – Leora Urim Sung (University College London)

We are typically near-future biased, being more concerned with our near future than our distant future. This near-future bias can be directed at others too, being more concerned with their near future than their distant future. In this paper, I argue that, because we discount the future in this way, beyond a certain point in time, we morally ought to be more concerned with the present well- being of others than with the well-being of our distant future selves. It follows that we morally ought to sacrifice…

Time discounting, consistency and special obligations: a defence of Robust Temporalism – Harry R. Lloyd (Yale University)

This paper defends the claim that mere temporal proximity always and without exception strengthens certain moral duties, including the duty to save – call this view Robust Temporalism. Although almost all other moral philosophers dismiss Robust Temporalism out of hand, I argue that it is prima facie intuitively plausible, and that it is analogous to a view about special obligations that many philosophers already accept…