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This paper discusses three alternative assumptions concerning household preferences (altruism, self-interest, and a …
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The selfish life-cycle model or hypothesis is, together with the dynasty or altruism model, the most widely used …
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prevalence of bequests, bequest motives, tests of altruism, and the importance of borrowing (liquidity) constraints and show that …
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and self-interest vs. altruism. …
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