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We use an extended Barro-Becker model of endogenous fertility, in which parents are heterogeneous in their labor productivity, to study the efficient degree of consumption inequality in the long run. In our environment a utilitarian planner allows for consumption inequality even when labor...
Persistent link: https://www.econbiz.de/10013134343
.g., discounting, risk aversion and altruism) and most cultural traits, social norms, and ideological tenets ( e.g., attitudes towards …
Persistent link: https://www.econbiz.de/10013136354
-dynastic altruism. The main building blocks of the theory are forward and backward intergenerational goods (FIGs and BIGs) and the …This paper develops a theory of intergenerational exchange for generations that are either selfish or have non …
Persistent link: https://www.econbiz.de/10012471256
Persistent link: https://www.econbiz.de/10013167152
We use an extended Barro-Becker model of endogenous fertility, in which parents are heterogeneous in their labor productivity, to study the efficient degree of consumption inequality in the long run. In our environment a utilitarian planner allows for consumption inequality even when labor...
Persistent link: https://www.econbiz.de/10013158534
-dynastic intergenerational altruism, savings for one's own descendants benefit present members of other dynasties, giving rise to preference …-dynastic intergenerational altruism. I also show that the external effect of present saving decreases over time. This means that intertemporal … preferences inferred from saving behavior are time-inconsistent, unless cross-dynastic intergenerational altruism is accounted for …
Persistent link: https://www.econbiz.de/10012840155
'pure' and 'impure' forms of altruism and investigates the role of borrowing constraints in accounting for the timing of …
Persistent link: https://www.econbiz.de/10012722416
achieved through the incorporation of altruism and fertility in quot;value of lifequot; type of framework. We are able to … lifequot; and on intergenerational welfare comparisons. We show that, by incorporating altruism and fertility into the analysis …
Persistent link: https://www.econbiz.de/10012760449
We study exchanges between three overlapping generations with non-dynastic altruism. The middleaged choose informal …
Persistent link: https://www.econbiz.de/10013051795
Child labor is a widespread phenomenon and therefore is of interest to both researchers and policy makers. Various reasons for the existence of child labor have been proposed with the goal of designing appropriate solutions. While household poverty is viewed as the main reason for child labor,...
Persistent link: https://www.econbiz.de/10012797673