Conflict Within Economic Dynasties: Selfishness vs Descending Altruism
AbstractThe paper studies voluntary wealth transfers across generations. It assumes heterogeneous agents: altruistic agents leave a bequest to their children, whereas selfish ones do not. The possibility for the parent to distinguish altruist and selfish children or not is discussed in conjunction with the type of preferences of the agent, especially his/her aversion for inequality in consumption among his/her children. In this discrimination case, the authors show that bequests are not affected by preferences: the agent is able to adopt the bequest so as to equalize consumption across children.
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Bibliographic InfoPaper provided by Notre-Dame de la Paix, Sciences Economiques et Sociales in its series Papers with number 210.
Length: 23 pages
Date of creation: 1998
Date of revision:
Contact details of provider:
Postal: FACULTE UNIVERSITAIRE NOTRE-DAME DE LA PAIX, FACULTE DES SCIENCES ECONOMIQUES ET SOCIALES, RUE DE BRUXELLES NAMUR FRANCE.
Web page: http://www.fundp.ac.be/facultes/eco/
More information through EDIRC
WEALTH ; INHERITANCE ; SOCIAL WELFARE;
Find related papers by JEL classification:
- D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy
- J17 - Labor and Demographic Economics - - Demographic Economics - - - Value of Life; Foregone Income
- D91 - Microeconomics - - Intertemporal Choice and Growth - - - Intertemporal Consumer Choice; Life Cycle Models and Saving
- D31 - Microeconomics - - Distribution - - - Personal Income and Wealth Distribution
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