Arbeitspapier

Wealth transfers and the role of collateral when lifetimes are uncertain

We develop a general equilibrium model of wealth transfers in the presence of uncertain lifetimes and default. Without introducing exogenous debt constraints, agents are allowed to make collateral-backed promises at any state of their life span.

Language
Englisch

Bibliographic citation
Series: Texto para discussão ; No. 527

Classification
Wirtschaft
Incomplete Markets
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
Subject
Uncertain lifetimes
Collateralized Assets
Donations
Wills.
Intertemporale Entscheidung
Entscheidung unter Unsicherheit
Sterblichkeit
Allgemeines Gleichgewicht
Theorie

Event
Geistige Schöpfung
(who)
Seghir, Abdelkrim
Torres-Martinez, Juan Pablo
Event
Veröffentlichung
(who)
Pontifícia Universidade Católica do Rio de Janeiro (PUC-Rio), Departamento de Economia
(where)
Rio de Janeiro
(when)
2006

Handle
Last update
10.03.2025, 11:41 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Seghir, Abdelkrim
  • Torres-Martinez, Juan Pablo
  • Pontifícia Universidade Católica do Rio de Janeiro (PUC-Rio), Departamento de Economia

Time of origin

  • 2006

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