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Stark, Oded and Falk, Ita (October 2000) Dynasties and Destiny: On the Roles of Altruism and Impatience in the Evolution of Consumption and Bequests. Former Series > Working Paper Series > IHS Economics Series 88
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Abstract or Table of Contents
Abstract: We study the joint role of altruism and impatience, and the impact of evolution in the formation of long-term time preferences and in the determination of optimal consumption and optimal bequests. We show how the consumption paths of dynasties relate to altruism and to impatience and we reason that long-lived dynasties will be characterized by a higher degree of altruism and a lower degree of impatience than short-lived dynasties.;
| Item Type: | IHS Series |
|---|---|
| Keywords: | 'A13' 'D11' 'D64' 'D91' |
| Classification Codes (e.g. JEL): | Altruism, Impatience, Intergenerational transfers, Dynasties, Evolution of consumption, Evolution of bequests |
| Date Deposited: | 26 Sep 2014 10:37 |
| Last Modified: | 27 Sep 2019 06:16 |
| ISBN: | 1605-7996 |
| URI: | https://irihs.ihs.ac.at/id/eprint/1294 |
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