English, Article, Journal or magazine article edition: Altruism and the Poverty Risk in Old-Age Medeiros, Jo‹o

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Bookmark: http://trove.nla.gov.au/version/178560
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Altruism and the Poverty Risk in Old-Age
Author
  • Medeiros, Jo‹o
Physical Description
  • preprint
Notes
  • BlanchardÕs (1985) model is modified to build an OLG model with an increasing probability of death, endogenous growth and a bequest motive. The motivation is to obtain a more rich, realistic and flexible framework to reproduce -using numerical methods- some stylised facts of the age-profiles of education, consumption, and wealth variables. Moreover, this model can be used like Auerbach and KotlikoffÕs (1987) to simulate the impact of economic shocks in the transition between steady states.
  • Human capital; endogenous growth; altruism; lifetime uncertainty; poverty; simulation
  • RePEc:ctl:louvir:2000005
Language
  • English
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