Title of article
The dynamics of bequeathed tastes
Author/Authors
David de la Croix، نويسنده , , David ، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 1996
Pages
8
From page
89
To page
96
Abstract
If children inherit life standard aspirations from their parents, then their savings are affected and cycles may appear in overlapping generations (OLG) models with production. At some point of an expansion, aspirations grow faster than wages, savings decrease, and a contraction begins.
Keywords
Non-separable preferences , Aspirations , cycles , Hopf , OLG
Journal title
Economics Letters
Serial Year
1996
Journal title
Economics Letters
Record number
434200
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