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Capital accumulation and fiscal policy in an OLG model with family altruism

LAMBRECHT, Stéphane; MICHEL, Philippe; THIBAULT, Emmanuel - Center for Operations Research and Econometrics (CORE), … - 2005

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)) and the one with dynastic altruism (Barro (1974)). Then, we show …

Persistent link: https://www.econbiz.de/10005043400

Public debt and limited altruism: is Ricardian equivalence possible if altruism is limited ?

MICHEL, Philippe - Center for Operations Research and Econometrics (CORE), … - 2003

model in which altruism is limited. The effects of public debt are studied under two different types of assumptions. The …

Persistent link: https://www.econbiz.de/10005043454

The spenders-hoarders theory of capital accumulation, wealth distribution and fiscal policy

PESTIEAU, Pierre; THIBAULT, Emmanuel - Center for Operations Research and Econometrics (CORE), … - 2007

in which individuals are distinguished according to two characteristics, altruism and wealth preference, we show that … those who in the long run hold the bulk of private capital are not so much motivated by dynastic altruism as by preference … seem to fit reality better than those obtained with standard optimal growth models in which dynastic altruism (or rate of …

Persistent link: https://www.econbiz.de/10005043608

Voting for redistribution under desert-sensitive altruism

LUTTENS, Roland Iwan; VALFORT, Marie-Anne - Center for Operations Research and Econometrics (CORE), … - 2008

We endow individuals that differ in skill levels and tastes for working with altruistic preferences for redistribution in a voting model where a unidimensional redistributive parameter is chosen by majority voting in a direct democracy. When altruistic preferences are desert-sensitive, i.e. when...

Persistent link: https://www.econbiz.de/10005043686

Long term care: the state, the market and the family

PESTIEAU, Pierre; SATO, Motohiro - Center for Operations Research and Econometrics (CORE), … - 2004

In this paper we study the optimal design of a long term care policy in a setting that includes three types of care to dependent parents: public nursing homes, financial assistance by children and assistance in time by children. The instruments are public nursing homes and subsidies to aiding...

Persistent link: https://www.econbiz.de/10005008292

Puzzling over sustainability: an equilibrium analysis

BRECHET, Thierry; LAMBRECHT, Stéphane - Center for Operations Research and Econometrics (CORE), … - 2005

In this paper we model an overlapping generations economy in which individuals are endowed with a renewable resource. This resource can be exploited at no cost by the young households and provided to production. A joy-of-giving bequest motive motivates the transfer of the unexploited resource to...

Persistent link: https://www.econbiz.de/10005065486

Fiscal Policy when Individuals Differ Regarding to Altruism and Labor Supply.

Michel, P.; Pestieau, P. - Center for Operations Research and Econometrics (CORE), … - 1998

level of intergenerational altruism and have an endogenous labor supply. The main results is that public debt is neutral at …

Persistent link: https://www.econbiz.de/10005478905

Distinguishing Technical and Scale Efficiency on Non-Convex and Convex Technologies: Theoretical Analysis and Empirical Illustrations.

Kerstens, K.; Vanden Eeckaut, P. - Center for Operations Research and Econometrics (CORE), … - 1998

This paper defines a decomposition of technical efficiency for a series of nonparametric deterministic reference technologies related to the Free Disposal Hull. More specificaally, introducing several returns to scale assumptions into this non-convex production model allows one to distinguish...

Persistent link: https://www.econbiz.de/10005478913

Altruism, Voluntary Contributions and Neutrality. The Case of Environmental Quality.

Jouvet, P-A; Michel, P; Pestieau, P - Center for Operations Research and Econometrics (CORE), … - 1996

This paper develops a dynamic model wherein production generates pollution that is viewed as a public bad by consumers. There are two types of consumers : those who are altuist a la Barro-Becker and leave bequests to their children and those who are pure life-cyclers. Both types of consumers...

Persistent link: https://www.econbiz.de/10005478916

Intergenerational transfers of pollution rights and growth

BRECHET, Thierry; LAMBRECHT, Stéphane; PRIEUR, Fabien - Center for Operations Research and Econometrics (CORE), … - 2005

We develop an overlapping generations growth model in which the individuals care about the environment. Many environmental policies suffer from institutional failures. We focus on the failure resulting from the delegation by the government of the exercise of the environmental policy to an...

Persistent link: https://www.econbiz.de/10005042769