Random earnings differences, lifetime liquidity constraints, and altruistic intergenerational transfers

DOI10.1016/0022-0531(92)90051-IMaRDI QIDQ1207486zbMATH OpenOpenAlexWikidataFDO

Authors John P. Laitner

Publication date 1 April 1993

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/0022-0531(92)90051-i

zbMATH Keywords

intergenerational transfersprivate savings behaviorstationary cross- sectional distribution of wealth

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42) Economic growth models (91B62)

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• Equilibrium existence in an overlapping generations model with altruistic preferences
• Intergenerational disagreement and optimal taxation of parental transfers

Cites work

• A law of large numbers in the theory of consumer's choice under uncertainty
• An income fluctuation problem
• Household Bequest Behaviour and the National Distribution of Wealth
• scientific article; zbMATH DE number 3126094 (Why is no real title available?)
• scientific article; zbMATH DE number 52448 (Why is no real title available?)
• scientific article; zbMATH DE number 3492408 (Why is no real title available?)
• Intergenerational Transfers and the Distribution of Earnings
• Long-run equilibria with borrowing constraints and altruism
• The permanent income hypothesis: A theoretical formulation
• Utility functionals with nonpaternalistic intergenerational altruism

Cited in

(18)

• The distribution of wealth with imperfect altruism
• Ricardian equivalence revisited: deficits, gifts and bequests
• On the existence and uniqueness of stationary equilibrium in Bewley economies with production
• Parents' strategic transfers and sibling competition in the presence of pay-as-you-go pensions
• Evidence on intergenerational income transmission using complete Dutch population data
• Demographic transition, human capital and economic growth in China
• Inflationary equilibrium in a stochastic economy with independent agents
• Micro and macro elasticities in a life cycle model with taxes
• Income inequality and economic growth with altruistic bequests and human capital investment
• WEALTH INEQUALITY: DATA AND MODELS
• Estimation of dynastic life-cycle discrete choice models
• Wealth Inequality and Intergenerational Links
• Pay-as-you-go Social Security and the Distribution of Altruistic Transfers
• The elasticity of intergenerational substitution, parental altruism, and fertility choice
• SAVINGS, INTERGENERATIONAL TRANSFERS, AND THE DISTRIBUTION OF WEALTH
• A model of intergenerational transfers
• Efficient investment in children
• Effects of inflation on wealth distribution: Do stock market participation fees and capital income taxation matter?

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