Wealth transfers and the role of collateral when lifetimes are uncertain (Q934902)
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| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Wealth transfers and the role of collateral when lifetimes are uncertain |
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Wealth transfers and the role of collateral when lifetimes are uncertain (English)
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30 July 2008
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This paper develops a general equilibrium model of wealth transfer in the presence of uncertain lifetimes and default. Without introducing exogeneous debt constraints, agents are allowed to make collateral-backed promises at any state of their life span.
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uncertain lifetimes
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collaterialized assets
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equilibrium
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donations
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bequests
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will
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