Altruism and the Poverty Risk in Old-Age
AbstractBlanchard’s (1985) model is modified to build an OLG model with an increasing probability of death, endogenous growth and a bequest motive. The motivation is to obtain a more rich, realistic and flexible framework to reproduce -using numerical methods- some stylised facts of the age-profiles of education, consumption, and wealth variables. Moreover, this model can be used like Auerbach and Kotlikoff’s (1987) to simulate the impact of economic shocks in the transition between steady states.
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Bibliographic InfoPaper provided by Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES) in its series Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) with number 2000005.
Date of creation: 01 Jan 2000
Date of revision:
Human capital; endogenous growth; altruism; lifetime uncertainty; poverty; simulation;
Find related papers by JEL classification:
- D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy
- E27 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Forecasting and Simulation: Models and Applications
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
- O41 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
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