Altruism and the Poverty Risk in Old-Age

João Medeiros
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João Medeiros: European Commission, Directorate General of Economic and Financial Affairs

No 2000005, LIDAM Discussion Papers IRES from Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES)

Abstract: Blanchard’s (1985) model is modified to build an OLG model with an increasing probability of death, endogenous growth and a bequest motive. The motivation is to obtain a more rich, realistic and flexible framework to reproduce -using numerical methods- some stylised facts of the age-profiles of education, consumption, and wealth variables. Moreover, this model can be used like Auerbach and Kotlikoff’s (1987) to simulate the impact of economic shocks in the transition between steady states.

Keywords: Human capital; endogenous growth; altruism; lifetime uncertainty; poverty; simulation (search for similar items in EconPapers)
JEL-codes: D64 E27 J24 O41 (search for similar items in EconPapers)
Pages: 34
Date: 2000-01-01
New Economics Papers: this item is included in nep-ias
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Persistent link: https://EconPapers.repec.org/RePEc:ctl:louvir:2000005

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