Endogenous Intergenerational Altruism and Economic Growth
This 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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|Date of creation:||1999|
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