English, Article, Journal or magazine article edition: Bequests and the Intergenerational Degree of Altruism Emmanuel THIBAULT

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Bookmark: http://trove.nla.gov.au/version/4244
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Bequests and the Intergenerational Degree of Altruism
Author
  • Emmanuel THIBAULT
Physical Description
  • preprint
Notes
  • 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.
  • OLG models, Bequest motive, Degree of altruism
  • RePEc:ctl:louvre:2001022
Language
  • English
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