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Intergenerational altruism, Ricardian Equivalence and the relevance of distributional policy

Vaughan, R.N.; (1996) Intergenerational altruism, Ricardian Equivalence and the relevance of distributional policy. (ELSE Working Papers 36). ESRC Centre for Economic Learning and Social Evolution: London, UK. Green open access

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Abstract

In recent years there has been a growing controversy concerning the e¤ective role of distributional policy in economies in which agents hold altruistic preferences. We show that in order to establish cross sectional Distributional Neutrality households require information on consanguinity links prior to making their decisions on consumption and bequests. If such information is not available due to the veil of time, then the Distributional Neutrality property disappears. However Ricardian Equivalence under stated conditions, remains and is therefore a property independent of DN.

Type: Working / discussion paper
Title: Intergenerational altruism, Ricardian Equivalence and the relevance of distributional policy
Open access status: An open access version is available from UCL Discovery
Publisher version: http://else.econ.ucl.ac.uk/newweb/displayProfile.p...
Language: English
UCL classification: UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of SandHS > Dept of Economics
URI: http://discovery.ucl.ac.uk/id/eprint/18125
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