Dying of Selfishness

B. Decreuse

G.R.E.Q.A.M. from Universite Aix-Marseille III

Abstract: In this paper, the author reveals an equivalence property between Blanchard's perpetual youth model and the imperfect altruism issue. This essentially requires that the insurance system disappears, and the the bequest nonegativity constraint does not bind. The resulting equilibrium is unique and dynamically efficient. The author also focus on the stationary distribution of wealth.

Keywords: METHODOLOGY; ALTRUISM; SOCIAL WELFARE (search for similar items in EconPapers)
JEL-codes: B41 D64 (search for similar items in EconPapers)
Pages: 21 pages
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:fth:aixmeq:99a13

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