search query: @author Dutta, J. / total: 6
reference: 3 / 6
| Author: | Dutta, J. Michel, P. |
| Title: | The distribution of wealth with imperfect altruism |
| Journal: | Journal of Economic Theory
1998 : OCT, VOL. 82:2, p. 379-404 |
| Index terms: | ECONOMIC THEORY DISTRIBUTION OF WEALTH ALTRUISM |
| Language: | eng |
| Abstract: | The distribution of wealth in an economy with infinitely lived families, is studied. Individual generations of each family may or may not be altruistic, which is represented as a preference shock which follows a first-order Markow-process within each family, representing imperfect altruism. Altruistic individuals care about welfare of their children and are likely to leave bequests. Selfish ones do not. This results in a non-trivial distribution of wealth among the families at any point in time. |
SCIMA