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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

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

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

On the Convergence to the Nash bargaining solution for action-dependent bargaining protocols

BRITZ, Volker; HERINGS, Jean-Jacques; PREDTETCHINSKI, Arkadi - Center for Operations Research and Econometrics (CORE), … - 2013

We consider a non–cooperative multilateral bargaining game and study an action–dependent bargaining protocol, that is, the probability with which a player becomes the proposer in a round of bargaining depends on the identity of the player who previously rejected. An important example is the...

Persistent link: https://www.econbiz.de/10010695726

Implementation of the Walrasian correspondence: the boundary problem

BOCHET, Olivier - Center for Operations Research and Econometrics (CORE), … - 2005

Consider exchange economies in which preferences are continuous, convex and strongly monotonic. It is well known that the Walrasian correspondence is not Nash implementable. Maskin monotonicity (Maskin, 1999) is violated for allocations at the boundary of the feasible set. We derive an...

Persistent link: https://www.econbiz.de/10005042789

Social security and family support

LEROUX, Marie-Louise; PESTIEAU, Pierre - Center for Operations Research and Econometrics (CORE), … - 2011

This paper shows how the role of the market, the state and the family in providing financial support at old age has evolved over time with changes in factors such as the reliability and the effectiveness of family support, the rate of interest, the cost of public funds and earning inequality. We...

Persistent link: https://www.econbiz.de/10010610495

Fiscal policy in a growth model with bequest-as-consumption

MICHEL, Philippe; PESTIEAU, Pierre - Center for Operations Research and Econometrics (CORE), … - 2001

This paper analyses a growth model wherein saving results from bequestas-consumption. It first looks at the market equilibrium and at the optimal solution. Then it turns to the issue of decentralizing the optimal solution with various taxes and transfers. Depending on the available instruments,...

Persistent link: https://www.econbiz.de/10005008268