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Altruistic Bequests and Non-Negative Savings

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  • Lambrecht, S.

Abstract

This paper on the class of models studiyng the interaction between an altruistic benefactor and a selfish recipient. Bequest is the only transfer from an altruistic parent to his selfish son and we assume that it is not a valid collateral for bank loans. This is equivalent to addding a non-negativity constraint on savings to the standard bequest model. A crucial mechanism at work is that the son's choice of a level of action can seriously dwarf his budget set.

Suggested Citation

  • Lambrecht, S., 1999. "Altruistic Bequests and Non-Negative Savings," G.R.E.Q.A.M. 99a06, Universite Aix-Marseille III.
    • Handle: RePEc:fth:aixmeq:99a06
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    References listed on IDEAS

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    1. Becker, Gary S, 1974. "A Theory of Social Interactions," Journal of Political Economy, University of Chicago Press, vol. 82(6), pages 1063-1093, Nov.-Dec..
    2. Hirshleifer, Jack, 1977. "Shakespeare vs. Becker on Altruism: The Importance of Having the Last Word," Journal of Economic Literature, American Economic Association, vol. 15(2), pages 500-502, June.
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    5. Coate, Stephen, 1995. "Altruism, the Samaritan's Dilemma, and Government Transfer Policy," American Economic Review, American Economic Association, vol. 85(1), pages 46-57, March.
    6. John Laitner, 1988. "Bequests, Gifts, and Social Security," Review of Economic Studies, Oxford University Press, vol. 55(2), pages 275-299.
    7. Becker, Gary S, 1976. "Altruism, Egoism, and Genetic Fitness: Economics and Sociobiology," Journal of Economic Literature, American Economic Association, vol. 14(3), pages 817-826, September.
    8. Bernheim, B Douglas & Stark, Oded, 1988. "Altruism within the Family Reconsidered: Do Nice Guys Finish Last?," American Economic Review, American Economic Association, vol. 78(5), pages 1034-1045, December.
    9. Bergstrom, Theodore C, 1989. "A Fresh Look at the Rotten Kid Theorem--and Other Household Mysteries," Journal of Political Economy, University of Chicago Press, vol. 97(5), pages 1138-1159, October.
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    Cited by:

    1. Bruno Decreuse & Bertrand Wigniolle, 2006. "Schizophrénie intergénérationnelle," Recherches économiques de Louvain, De Boeck Université, vol. 72(1), pages 49-74.
    2. Robert P. Rebelein, 2006. "Strategic Behavior, Debt Neutrality, and Crowding Out," Public Finance Review, , vol. 34(2), pages 148-172, March.
    3. Rebelein, Robert P., 2005. "Intergenerational Strategic Behavior and Crowding Out in a General Equilibrium Model," Vassar College Department of Economics Working Paper Series 74, Vassar College Department of Economics.

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    More about this item

    Keywords

    FINANCING ; INHERITANCE ; SAVINGS;
    All these keywords.

    JEL classification:

    • D10 - Microeconomics - - Household Behavior - - - General
    • D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy; Intergenerational Transfers
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making

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