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Family Altruism with Renewable Resource and Population Growth

Author

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  • THIERRY BRECHET
  • STEPHANE LAMBRECHT

Abstract

In an overlapping-generations model with non-constant population growth, households own a natural renewable resource and have a family-altruism resource bequest motive. The natural resource can be either extracted and sold to firms, or bequeathed to children to increase their adult disposable income. Numerical applications show how family altruism interplays with population growth to shape the whole economy. The role of altruism in the case of two negative demographic shocks shows that the pressure on the natural resource is not necessarily reduced when population size is lower. Transmission mechanisms between generations and general equilibrium effects can yield unexpected outcomes. In particular, family altruism can lead either to preserve or to waste the resource.

Suggested Citation

  • Thierry Brechet & Stephane Lambrecht, 2009. "Family Altruism with Renewable Resource and Population Growth," Mathematical Population Studies, Taylor & Francis Journals, vol. 16(1), pages 60-78.
  • Handle: RePEc:taf:mpopst:v:16:y:2009:i:1:p:60-78
    DOI: 10.1080/08898480802619645
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    References listed on IDEAS

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    4. Stéphane Lambrecht & Philippe Michel & Emmanuel Thibault, 2006. "Capital Accumulation and Fiscal Policy in an OLG Model with Family Altruism," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 8(3), pages 465-486, August.
    5. BRECHET, Thierry & LAMBRECHT, Stéphane, 2006. "Intertemporal equilibrium with a resource bequest motive," CORE Discussion Papers 2006022, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    6. Andreoni, James, 1989. "Giving with Impure Altruism: Applications to Charity and Ricardian Equivalence," Journal of Political Economy, University of Chicago Press, vol. 97(6), pages 1447-1458, December.
    7. Mourmouras, Alex, 1991. " Competitive Equilibria and Sustainable Growth in a Life-Cycle Model with Natural Resources," Scandinavian Journal of Economics, Wiley Blackwell, vol. 93(4), pages 585-591.
    8. Olson, Lars J. & Knapp, Keith C., 1997. "Exhaustible Resource Allocation in an Overlapping Generations Economy," Journal of Environmental Economics and Management, Elsevier, vol. 32(3), pages 277-292, March.
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    Cited by:

    1. Bréchet, Thierry & Lambrecht, Stéphane, 2011. "Renewable resource and capital with a joy-of-giving resource bequest motive," Resource and Energy Economics, Elsevier, vol. 33(4), pages 981-994.
    2. Hoberg, Nikolai & Baumgärtner, Stefan, 2017. "Irreversibility and uncertainty cause an intergenerational equity-efficiency trade-off," Ecological Economics, Elsevier, vol. 131(C), pages 75-86.
    3. Kunze, Lars, 2010. "Capital taxation, long-run growth, and bequests," Journal of Macroeconomics, Elsevier, vol. 32(4), pages 1067-1082, December.
    4. repec:zbw:rwirep:0113 is not listed on IDEAS
    5. Lars Kunze, 2009. "Capital Taxation, Long-run Growth, and Bequests," Ruhr Economic Papers 0113, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.

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