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Dying of Selfishness

Author

Listed:
  • Decreuse, B.

Abstract

In this paper, the author reveals an equivalence property between Blanchard's perpetual youth model and the imperfect altruism issue. This essentially requires that the insurance system disappears, and the the bequest nonegativity constraint does not bind. The resulting equilibrium is unique and dynamically efficient. The author also focus on the stationary distribution of wealth.

Suggested Citation

  • Decreuse, B., 1999. "Dying of Selfishness," G.R.E.Q.A.M. 99a13, Universite Aix-Marseille III.
  • Handle: RePEc:fth:aixmeq:99a13
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    More about this item

    Keywords

    METHODOLOGY ; ALTRUISM ; SOCIAL WELFARE;
    All these keywords.

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy; Intergenerational Transfers

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