Arbeitspapier
Dynasties and destiny: On the roles of altruism and impatience in the evolution of consumption and bequests
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.
- Sprache
-
Englisch
- Erschienen in
-
Series: Reihe Ökonomie / Economics Series ; No. 88
- Klassifikation
-
Wirtschaft
Relation of Economics to Social Values
Consumer Economics: Theory
Altruism; Philanthropy; Intergenerational Transfers
Micro-Based Behavioral Economics: Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making‡
- Thema
-
altruism
impatience
intergenerational transfers
dynasties
evolution of consumption
evolution of bequests
Soziale Werte
Altruismus
Privater Transfer
Konsum
Erbe
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Stark, Oded
Falk, Ita
- Ereignis
-
Veröffentlichung
- (wer)
-
Institute for Advanced Studies (IHS)
- (wo)
-
Vienna
- (wann)
-
2000
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:45 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Stark, Oded
- Falk, Ita
- Institute for Advanced Studies (IHS)
Entstanden
- 2000
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