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-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/10012170829
cross-dynastic intergenerational altruism, saving for one's descendants benefits present members of other dynasties. These …
Persistent link: https://www.econbiz.de/10013177660
-dynastic intergenerational altruism, saving for one's descendants benefits present members of other dynasties. These preference externalities …
Persistent link: https://www.econbiz.de/10012626517
-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/10012545942
-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
cross-dynastic intergenerational altruism, saving for one’s descendants benefits present members of other dynasties. These …
Persistent link: https://www.econbiz.de/10013296272
interests of future generations? The analysis of the present paper suggests that such stronger intergenerational altruism might … normatively attractive outcomes will be implemented if each generation has sufficient altruism for its descendants. This … by climate change by increasing its intergenerational altruism, then long-term wellbeing will be seriously undermined. …
Persistent link: https://www.econbiz.de/10011440402
We analyze the role of "the" utility discount rate and its implications to generation-specific and societal altruism … have to be distinguished: An (inverse) altruism-parameter and a social discount rate. High levels of the altruism … - as well as altruism-models and, additionally, the altruism-parameter has to be infinitely high. This shows clearly that …
Persistent link: https://www.econbiz.de/10010457731
resolution of risk, (iii) show different discounting formulas depending on the magnitude of risk and on the timing of its …
Persistent link: https://www.econbiz.de/10010467848
resolution of risk, (iii) show different discounting formulas depending on the magnitude of risk and on the timing of its …
Persistent link: https://www.econbiz.de/10013030316