This study investigates how intergenerational altruism affects the possibility of the transfer paradox occurring in a two-country, one-sector overlapping generations model. We derive the conditions underwhich the transfer paradox occurs in our model where a generation within each country has altruismtoward the subsequent generation. Contrary to earlier results in the literature, we find that altruism doesnot enter the conditions under which the transfer paradox occurs in the steady state. Moreover, we showthat although altruism affects the condition of the transfer paradox along the transition path, its effecton this condition vanishes as the economy converges to the steady state.