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
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Englisch
- Bibliographic citation
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Series: Texto para discussão ; No. 527
- Classification
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Wirtschaft
Incomplete Markets
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
- Subject
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Uncertain lifetimes
Collateralized Assets
Donations
Wills.
Intertemporale Entscheidung
Entscheidung unter Unsicherheit
Sterblichkeit
Allgemeines Gleichgewicht
Theorie
- Event
-
Geistige Schöpfung
- (who)
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Seghir, Abdelkrim
Torres-Martinez, Juan Pablo
- Event
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Veröffentlichung
- (who)
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Pontifícia Universidade Católica do Rio de Janeiro (PUC-Rio), Departamento de Economia
- (where)
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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