We study a growth model with two types of agents who are heterogeneous in their degree of family altruism. We prove … that every equilibrium path converges to a unique steady state, and study the effect of altruism on the properties of … steady-state equilibrium. We show that aggregate income is positively related to both level of altruism and altruism …

stifle economic growth. Using game theory and other statistical analyses, data from various published sources are examined … what is required for economic development is a different distribution of trust and cooperation.Additional suggestions for …