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Family Altruism with Renewable Resource and Population Growth

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Bréchet, Thierry [UCL] Lambrecht, Stéphane []

In an overlapping-generations model with non-constant population growth, households own a natural renewable resource and have a family-altruism resource bequest motive. The natural resource can be either extracted and sold to firms, or bequeathed to children to increase their adult disposable income. Numerical applications show how family altruism interplays with population growth to shape the whole economy. The role of altruism in the case of two negative demographic shocks shows that the pressure on the natural resource is not necessarily reduced when population size is lower. Transmission mechanisms between generations and general equilibrium effects can yield unexpected outcomes. In particular, family altruism can lead either to preserve or to waste the resource.

Document type Article de périodique (Journal article)
Publication date 2009
Language Anglais
Journal information "Mathematical Population Studies : an international journal of mathematical demography" - Vol. 16, no. 1, p. 60-78 (Janvier 2009)
Peer reviewed yes
Publisher Taylor & Francis Inc. (Philadelphia, USA)
issn 0889-8480
Affiliations UCL - EUEN/CORE - Center for operations research and econometrics
Université de Lille 1 - Laboratoire EQUIPPE
Keywords Overlapping generations ; Population growth ; Renewable resource
Links
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Bibliographic reference Bréchet, Thierry ; Lambrecht, Stéphane. Family Altruism with Renewable Resource and Population Growth. In: Mathematical Population Studies : an international journal of mathematical demography, Vol. 16, no. 1, p. 60-78 (Janvier 2009)
Permanent URL http://hdl.handle.net/2078.1/23308