We build an OLG model with productive capital in which agents live for two periods and display myopia in their altruistic bequest motive. Indeed , they care for their children's welfare like Barro-Becker altruists but what they value is income. A govern,emt redistributes income from the young to the old in a lump-sum way.
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Paper provided by Universite Aix-Marseille III in its series G.R.E.Q.A.M. with number
99a51.
Length: 42 pages Date of creation: 1999 Date of revision: Handle: RePEc:fth:aixmeq:99a51
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