Heterogeneous Dynasties and the Political Economy of Public Debt
Grégory de Walque () and
Working Papers from Notre-Dame de la Paix, Sciences Economiques et Sociales
We consider a small open overlapping generation economy with descending altruism. We introduce heterogeneity within dynasties by assuming that each parent procreates a fixed proportion of selfsh children at each generation. Altruistic parents can recognize the type of each children and tike into account when bequeathing. there is no Ricardian equivalence and an active public intergenerational transfer policy is attractive to altruism dynasty members, although there may be no unanimity among them. We display reasonable conditions for indirect preferences to be single-peaked and we apply the median voter theorem.
Keywords: ALTRUISM; SOCIAL CHOICE (search for similar items in EconPapers)
JEL-codes: D31 D64 D72 D91 H63 (search for similar items in EconPapers)
References: Add references at CitEc
Citations: View citations in EconPapers (4) Track citations by RSS feed
There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.
Journal Article: Heterogeneous Dynasties and the Political Economy of Public Debt (2001)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:fth:nodapa:225
Access Statistics for this paper
More papers in Working Papers from Notre-Dame de la Paix, Sciences Economiques et Sociales FACULTE UNIVERSITAIRE NOTRE-DAME DE LA PAIX, FACULTE DES SCIENCES ECONOMIQUES ET SOCIALES, RUE DE BRUXELLES NAMUR FRANCE.. Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Krichel ().