Bhatt, Vipul; Ōgaki, Masao - 2008
UNIVERSITY OF
ROCHESTER
Tough Love and Intergenerational Altruism
Bhatt, Vipul, and Ogaki, Masao
Working Paper No. 544 …
November 2008
Tough Love and Intergenerational Altruism∗
Vipul Bhatt† and Masao Ogaki‡
November 20, 2008
Abstract
This paper … develops and studies a tough love model of intergenera-
tional altruism. We model tough love by modifying the Barro …