Endogenous lifetime, accidental bequests and economic growth

Luciano Fanti, Luca Gori () and Fabio Tramontana

MPRA Paper from University Library of Munich, Germany

Abstract: his paper introduces unintentional bequests in a closed economy overlapping generations model à la Chakraborty (2004). We show that poverty traps due to scarce public investments in health can exist. However, and most important, the existence of unintentional bequests makes the health tax rate to play a prominent role in determining the stability conditions of the equilibrium in rich economies. Indeed, non-monotonic dynamics, Neimark-Sacker bifurcations and deterministic chaos can occur depending on the size of the public health system.

Keywords: Accidental bequests; Endogenous lifetime; Health; OLG model (search for similar items in EconPapers)
JEL-codes: C62 I18 J18 O40 (search for similar items in EconPapers)
Date: 2011-11-11
New Economics Papers: this item is included in nep-dge and nep-hea
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Related works:
Journal Article: Endogenous lifetime, accidental bequests and economic growth (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:34647

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