Myopic Altruism and Intergenerational Transfers

Stéphane Lambrecht

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

Abstract: We build an OLG model with productive capital in which agents live for two periods and display myopia in their altruistic bequest motive. Indeed , they care for their children's welfare like Barro-Becker altruists but what they value is income. A govern,emt redistributes income from the young to the old in a lump-sum way.

Keywords: ECONOMIC GROWTH; ALTRUISM; GENERATIONS (search for similar items in EconPapers)
JEL-codes: C62 D64 O40 (search for similar items in EconPapers)
Pages: 42 pages
Date: 1999
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:aixmeq:99a51

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