Utility from bequeathing savings or Utility from accumulating in the Ramsey growth model
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More about this item
Keywords
Ramsey model; Optimal Growth; Optimal control; Savings decision; bequest; joy-of-giving;All these keywords.
JEL classification:
- D5 - Microeconomics - - General Equilibrium and Disequilibrium
- D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
- E1 - Macroeconomics and Monetary Economics - - General Aggregative Models
- E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
- O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
NEP fields
This paper has been announced in the following NEP Reports:- NEP-GRO-2015-05-16 (Economic Growth)
- NEP-MAC-2015-05-16 (Macroeconomics)
- NEP-UPT-2015-05-16 (Utility Models and Prospect Theory)
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