. Contrary to what is commonly assumed, inequality seems to breed altruism among the rich when it comes to the quintessential …

. Contrary to what is commonly assumed, inequality seems to breed altruism among the rich regarding the quintessential poverty …

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 …