Altruistic Bequests and Non-Negative Savings
AbstractThis 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.
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Bibliographic InfoPaper provided by Universite Aix-Marseille III in its series G.R.E.Q.A.M. with number 99a06.
Length: 17 pages
Date of creation: 1999
Date of revision:
Contact details of provider:
Postal: G.R.E.Q.A.M., (GROUPE DE RECHERCHE EN ECONOMIE QUANTITATIVE D'AIX MARSEILLE), CENTRE DE VIEILLE CHARITE, 2 RUE DE LA CHARITE, 13002 MARSEILLE.
Web page: http://www.greqam.fr/
More information through EDIRC
FINANCING ; INHERITANCE ; SAVINGS;
Other versions of this item:
- Stéphane LAMBRECHT, 2004. "Altruistic bequests and non-negative savings," Discussion Papers (REL - Recherches Economiques de Louvain) 2003041, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
- D10 - Microeconomics - - Household Behavior - - - General
- D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy
- D91 - Microeconomics - - Intertemporal Choice and Growth - - - Intertemporal Consumer Choice; Life Cycle Models and Saving
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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