Borissov, Kirill; Bosi, Stefano; Thai Ha Huy; Pakhnin, … - 2023
We study a growth model with two types of agents who are heterogeneous in their degree of family altruism. We prove … that every equilibrium path converges to a unique steady state, and study the effect of altruism on the properties of … steady-state equilibrium. We show that aggregate income is positively related to both level of altruism and altruism …
