Myopic Altruism and Intergenerational Transfers
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.
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|Date of creation:||1999|
|Date of revision:|
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