Altruism, uncertain lifetime and the distribution of wealth

This paper studies the dynamics of the distribution of wealth in ageneral equilibrium framework. It considers an overlapping generationsmodel with production and altruistic preferences in which individualsface an uncertain lifetime and annuity markets do not exist. Thispaper focuses on the role that accidental bequests, voluntary bequests,and non--negativity constraints on bequests play in the dynamics of thedistribution of wealth. It is proved that the equilibrium interestrate is lower than the one that satisfies the modified goldenrule. In this economy, a social security system not only plays aninsurance role, but also prevents capital overaccumulation. In fact,this paper shows that a pay--as--you--go social security systemdecentralizes the social planner solution as a competitive equilibrium.

The distribution of wealth /

Includes bibliographies and index.

The distribution of wealth (1893)

With reproduction of the t.p. of the 1893 ed. published by Macmillan.

An inquiry into the principles of the distribution of wealth most conducive to human happiness.

Mode of access: Internet.

The distribution of wealth; a theory of wages, interest and profit,

Mode of access: Internet.

Peasant rents, being the first half of An essay on the distribution of wealth and on the sources of taxation,

Mode of access: Internet.

My dear Wells, being a series of letters addressed by Henry Arthur Jones to Mr. H.G. Wells, upon bolshevism, collectivism, internationalism, and the distribution of wealth.

"Publisher's Note" (19 p.) laid in.

Recent economic changes and their effect on the production and distribution of wealth and the well-being of society,

Mode of access: Internet.

An essay on the distribution of wealth,

Mode of access: Internet.

The distribution of wealth : a theory of wages, interest and profit /

Mode of access: Internet.

Taxation and the distribution of wealth; studies in the economic, ethical, and practical relations of fiscal systems to social organization,

"Authors, editions, and sources quoted": p. 665-671.

The distribution of wealth,

"Collateral reading" at end of chapters.

Property and contract in their relations to the distribution of wealth.

Mode of access: Internet.

A treatise on political economy; or, The production, distribution, and consumption of wealth.

Includes bibliographical references.