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I study whether saving behavior reveals socially relevant intertemporal preferences. To this end, I decompose the present generation’s preference for the next into its dynastic and cross-dynastic components in a model of saving. If people are concerned about the next generation as such, then...
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We analyze the role of "the" utility discount rate and its implications to generation-specific and societal altruism … and egoism, respectively, in a neoclassical framework. It is worked out clearly, that two different utility discount rates … altruistically or egoistically can, therefore, not be confirmed. It is stated that rather the assumed utility/welfare function is …
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