Bequests and the Intergenerational Degree of Altruism
Bibliographic Data
| ID | 19081362 |
|---|---|
| Authors | Emmanuel Thibault (corresponding author) |
| Year | 2001 |
| Volume | 67 |
| Issue | 2 |
| Pages | 131-138 |
| Publication date | 2001-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Recherches économiques de Louvain (JOURNAL) |
| Journal identifiers | ISSN: 0770-4518 • E-ISSN: 1782-1495 |
| Publisher | CAIRN (PUBLISHER) |
| DOI | 10.1017/s077045180005586x |
| OpenAlex | W1603871536 |
| Language | EN |
| Citations received | 1 |
| References cited | 4 |
We consider an OLG model with production and altruistic agents initially developed by Barro (1974). Through a simple example, we show that, contrary to the intuition of Abel (1987) and Weil (1987), an increase in the degree of altruism can result in a decrease in the stationary level of bequests even if the Diamond model has a unique and stable steady state. To rule out this counterintuitive case, an assumption on the curvature of the production function is necessary
Counterintuitive · Curvature · Economics · Intuition · Mathematical economics · Microeconomics · Overlapping generations model · Physics · Climate Change Policy and Economics · Economic Policies and Impacts · Economic theories and models · Mathematics · Psychology · Social Psychology
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,05 |
| Citation span | 2006 - 2006 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |