Recognizing progeny in the value of life

Michael Kuhn, Stefan Wrzaczek and Jim Oeppen

Economics Letters, 2010, vol. 107, issue 1, 17-21

Abstract: This note generalizes the value of life to incorporate the preferences for descendants of a dynastically altruistic decision-maker. It derives the value of progeny and shows how it depends on the Benthamite vs. Millian nature of dynastic altruism.

Keywords: Benthamite; vs.; Millian; Dynastic; altruism; Progeny; Life-cycle; analysis; Value; of; life (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:107:y:2010:i:1:p:17-21

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