Michel, Philippe; Thibault, Emmanuel - In: Annals of Economics and Finance 14 (2013) 3, pp. 953-1022
This paper surveys intergenerational altruism in neoclassical growth models. It first examines Barro's approach to intergenerational altruism, whereby successive generations are linked by recursive altruistic preferences. Individuals have an altruistic concern only for their children, who in...