GENERAL EQUILIBRIUM ANALYSIS OF OVERLAPPING GENERATIONS WITH HETEROGENEOUS TIME PREFERENCES

Autor:	Hiroshi Ohta, Ke Li, Hidetaka Kawano
Rok vydání:	2009
Předmět:	Economics and Econometrics Parental overprotection Virtue General equilibrium theory media_common.quotation_subject Economics Overlapping generations model Mathematical economics Period (music) media_common
Zdroj:	Pacific Economic Review. 14:593-611
ISSN:	1468-0106 1361-374X
DOI:	10.1111/j.1468-0106.2009.00471.x
Popis:	The overlapping generations model presented herein requires incorporation of exactly three periods in which one lives, but makes intertemporal decision-making twice, neither once nor three times. Single decision-making at the outset, none thereafter, ignores the fact that one makes decisions every day anew as long as tomorrow exists. Incorporating such observations most simply requires decisions to be made at the first period and the second, but not at the third or last period. Our model reveals how the Mabiki (infanticides) and the Narayama (elderlycides) can occur simultaneously. We also find conditions under which child-indulgence and parental overprotection called sunekajiri might be reckoned a virtue.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::34e7d69e77cdb9f7abc0e91e204e0888 https://doi.org/10.1111/j.1468-0106.2009.00471.x Zobrazit plný text záznamu Plný text ve formátu PDF