Capital Accumulation and Fiscal Policy in an OLG Model with Family Altruism

Stéphane Lambrecht, Philippe Michel and Emmanuel Thibault

Post-Print from HAL

Abstract: Abstract The idea of family altruism is that parents care only about their children's income and not about the use of this income made by the children. First, we establish dynamical properties which place the OLG model with family altruism halfway between the model with pure life‐cyclers ( Diamond 1965 ; American Economic Review 55, 1126–1150) and the one with dynastic altruism ( Barro 1974 ; Journal of Political Economy 82, 1095–1117). Then, we show that this concept leads to interesting fiscal policy conclusions less clear‐cut and more realistic than those obtained with the two previous standard OLG models: a pay‐as‐you‐go social security is neutral but not a public debt.

Date: 2006-08
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Published in Journal of Public Economic Theory, 2006, 8 (3), pp.465-486. ⟨10.1111/j.1467-9779.2006.00273.x⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Capital Accumulation and Fiscal Policy in an OLG Model with Family Altruism (2006)
Working Paper: Capital accumulation and fiscal policy in an OLG model with family altruism (2006)
Working Paper: Capital accumulation and fiscal policy in an OLG model with family altruism (2005)
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:hal:journl:hal-04279283

DOI: 10.1111/j.1467-9779.2006.00273.x

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().