Endogenous Intergenerational Altruism and Economic Growth
AbstractThis note constructs a neoclassical growth model of endogenous intergenerational altruism along the lines of Mulligan (1997). It is shown that individuals accumulate altruism in the long run whenever the rate at which concern is accumulated is sufficiently high, and that the endogenous formation of altruism is more likely to occur at later stages of economic growth.
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Bibliographic InfoPaper provided by Universite Aix-Marseille III in its series G.R.E.Q.A.M. with number 99a38.
Length: 9 pages
Date of creation: 1999
Date of revision:
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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/
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ALTRUISM ; ECONOMIC GROWTH ; CONSUMPTION;
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