We take into account that envy (relative consumption concerns) is more pronounced in the present than in the future. We … exogenous parameters. Agents' preferences exhibit present-biased envy: agents are naive and care about how their consumption … levels compare to that of others in the current period. Our results suggest that present-biased envy affects both the level …

altruism. A fall in the population growth rate, even to negative values, will imply a reduction of the interest rate and an …

reflecting low altruism - a discount rate on children's utility greater than the world interest rate - and I examine the … spending on debt and retiree entitlements. In the model, altruism towards children determines bequests, government debt, and … the time-path of consumption. Altruism towards parents influences incentives to default. If altruism is low, voters demand …

This paper discusses three alternative assumptions concerning household preferences (altruism, self-interest, and a …

We study exchanges between three overlapping generations with non-dynastic altruism. The middleaged choose informal …

We study exchanges between three overlapping generations with non-dynastic altruism. The middleaged choose informal …

We study exchanges between three overlapping generations with non-dynastic altruism. The middleaged choose informal …

that there are large inter-country differences in the degree of selfishness and altruism, with the Japanese and Chinese … religiosity appear to be the main cause of inter-country differences in the degree of selfishness and altruism. …