this group. I find support for pure altruism because individuals who received additional Social Security benefits passed on …

environment PAYG social security works as a self-control cost reducing device. In contrast, the presence of altruism induces … further mitigated relative to the environments that incorporate altruism and self control issues separately. Interestingly …

current consumption. Individuals’ efforts to balance between the long-term commitment (consumption smoothing and altruism) and … incorporates altruism and self control issues separately. …

Security in this model with impure altruism has a smaller effect on capital accumulation than in a pure life-cycle model, a … bigger effect than in a model with two-sided altruism. The welfare gain of eliminating Social Security system under impure … altruism is smaller than that in a pure life-cycle model, and bigger than that in a model with two-sided altruism. …

environment PAYG social security works as a self-control cost reducing device. In contrast, the presence of altruism induces … further mitigated relative to the environments that incorporate altruism and self control issues separately. However, the …