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Myopic Altruism and Intergenerational Transfers

Author

Listed:
  • Lambrecht, S.

Abstract

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.

Suggested Citation

  • Lambrecht, S., 1999. "Myopic Altruism and Intergenerational Transfers," G.R.E.Q.A.M. 99a51, Universite Aix-Marseille III.
  • Handle: RePEc:fth:aixmeq:99a51
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    Cited by:

    1. Stéphane Lambrecht, 2005. "Altruisme familial et dette publique," Revue Française d'Économie, Programme National Persée, vol. 19(3), pages 159-188.

    More about this item

    Keywords

    ECONOMIC GROWTH ; ALTRUISM ; GENERATIONS;

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy; Intergenerational Transfers
    • C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium

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