Intergenerational Altruism, Ricardian Equivalence and the Relevance of Distributional Policy

Richard N. Vaughan

ELSE working papers from ESRC Centre on Economics Learning and Social Evolution

Abstract: In recent years there has been a growing controversy concerning the e¤ective role of distributional policy in economies in which agents hold altruistic preferences. We show that in order to establish cross sectional Distributional Neutrality households re- quire information on consanguinity links prior to making their decisions on consumption and bequests. If such information is not available due to the veil of time, then the Distributional Neutrality property disappears. However Ricardian Equivalence under stated conditions, remains and is therefore a property independent of DN.

Keywords: Macroeconomic Theory; Distributional Policy (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
ftp://ftp.repec.org/RePEc/els/esrcls/ric2.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:els:esrcls:052

Access Statistics for this paper

More papers in ELSE working papers from ESRC Centre on Economics Learning and Social Evolution Contact information at EDIRC.
Bibliographic data for series maintained by s. malkani ( this e-mail address is bad, please contact ).