IDEAS home Printed from https://ideas.repec.org/a/prs/ecoprv/ecop_0249-4744_1991_num_100_4_5265.html
   My bibliography  Save this article

Formes d'héritages dans le débat macro-économique contemporain

Author

Listed:
  • Pierre Pestieau

Abstract

[spa] Formas de herencia en el debate macroeconómico contemporáneo, . por Pierre Pestieau.. . En este artículo se muestra cómo se integran los diferentes tipos de herencia - accidentales, altruistas, paternas y estratégicas - en el debate relativo a la neutralidad de las políticas macroeconómicas y a la eficatia dinámica de los mercados en competencia. Esto pone claramente de manifiesto que la mayoría de tipos de herencia son mucho más compatibles con la visión keynesiana de un mundo donde el horizonte de los agentes es finito, que con la visión neoclásica. Los mercados pueden ser ineficaces, pero la política macroeconómica puede desempeñar un papel positivo. [fre] Formes d'héritages dans le débat macro-économique contemporain, . par Pierre Pestieau.. . Cet article montre comment les différents types d'héritages - accidentels, altruistes, paternalistes et stratégiques - s'insèrent dans le débat sur la neutralité des politiques macro-économiques et sur l'efficacité dynamique des marchés concurrentiels. Il apparaît clairement que la plupart de ces types sont beaucoup plus compatibles avec la vision keynésienne d'un monde où l'horizon des agents est fini qu'avec la vision néo-classique. Les marchés peuvent être inefficaces et la politique macro-économique avoir un rôle positif. [eng] Models of Inheritance in the Current Macroeconomic Debate, . by Pierre Pestieau.. . This paper shows how the main types of bequests - unplanned, altruistic, paternalistic and strategic - fit into the debate over the neutrality of macro-economic policies and the dynamic efficiency of competitive markets. The main conclusion is that most types of bequests are more compatible with the Keynesian view of effective macro-economic policy than with the neutrality hypothesis relying on a dynastic setting only made possible by unconstrained altruistic transfers. [ger] Die Erbschaftsformen in den zeitgenössischen makroökonomischen Diskussionen, . von Pierre Pestieau. . In diesem Artikel wird aufgezeigt, wie sich die verschiedenen Formen der Erbschaft (zufällige, altruistische, paternalistische und strategische Erbschaft) in die Diskussion über die Neutralität der makroökonomischen Politiken und über die dynamische Effizienz der Wettbewerbsmärkte einfügen. Es ergibt sich klar, daß die meisten dieser Erbschaftsarten viel eher mit der keynesianischen Vision einer Welt, in der der Horizont der Wirtschaftssubjekte begrenzt ist, als mit der neoklassischen Betrachtungsweise übereinstimmen. Die Märkte können ineffizient sein, und die makroökonomische Politik eine positive Rolle spielen.

Suggested Citation

  • Pierre Pestieau, 1991. "Formes d'héritages dans le débat macro-économique contemporain," Économie et Prévision, Programme National Persée, vol. 100(4), pages 201-205.
    • Handle: RePEc:prs:ecoprv:ecop_0249-4744_1991_num_100_4_5265
    DOI: 10.3406/ecop.1991.5265
    Note: DOI:10.3406/ecop.1991.5265
    as

    Download full text from publisher

    File URL: https://doi.org/10.3406/ecop.1991.5265
    Download Restriction: no
    File URL: https://www.persee.fr/doc/ecop_0249-4744_1991_num_100_4_5265
    Download Restriction: no
    File URL: https://libkey.io/10.3406/ecop.1991.5265?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Barro, Robert J, 1974. "Are Government Bonds Net Wealth?," Journal of Political Economy, University of Chicago Press, vol. 82(6), pages 1095-1117, Nov.-Dec..
    2. Paul A. Samuelson, 1958. "An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money," Journal of Political Economy, University of Chicago Press, vol. 66(6), pages 467-467.
    3. Philippe Weil, 1987. "Love Thy Children," Post-Print hal-03393237, HAL.
    4. Bernheim, B Douglas & Shleifer, Andrei & Summers, Lawrence H, 1986. "The Strategic Bequest Motive," Journal of Labor Economics, University of Chicago Press, vol. 4(3), pages 151-182, July.
    5. Becker, Gary S & Tomes, Nigel, 1979. "An Equilibrium Theory of the Distribution of Income and Intergenerational Mobility," Journal of Political Economy, University of Chicago Press, vol. 87(6), pages 1153-1189, December.
    6. Olivier Jean Blanchard & Stanley Fischer, 1989. "Lectures on Macroeconomics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262022834, December.
    7. Weil, Philippe, 1987. "Love thy children : Reflections on the Barro debt neutrality theorem," Journal of Monetary Economics, Elsevier, vol. 19(3), pages 377-391, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Robinson, James A. & Srinivasan, T.N., 1993. "Long-term consequences of population growth: Technological change, natural resources, and the environment," Handbook of Population and Family Economics, in: M. R. Rosenzweig & Stark, O. (ed.), Handbook of Population and Family Economics, edition 1, volume 1, chapter 21, pages 1175-1298, Elsevier.
    2. André Masson & Pierre Pestieau, 1991. "Types et modèles d'héritage et leurs implications," Économie et Prévision, Programme National Persée, vol. 100(4), pages 31-71.
    3. Philippe Michel & Pierre Pestieau, 1998. "Fiscal Policy in a Growth Model with Both Altruistic and Nonaltruistic Agents," Southern Economic Journal, John Wiley & Sons, vol. 64(3), pages 682-697, January.
    4. Smetters, Kent, 1999. "Ricardian equivalence: long-run Leviathan," Journal of Public Economics, Elsevier, vol. 73(3), pages 395-421, September.
    5. Elmendorf, Douglas W. & Gregory Mankiw, N., 1999. "Government debt," Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 25, pages 1615-1669, Elsevier.
    6. Dominik Grafenhofer & Christian Jaag & Christian Keuschnigg & Mirela Keuschnigg, 2005. "Probabilistic Aging," University of St. Gallen Department of Economics working paper series 2005 2005-08, Department of Economics, University of St. Gallen.
    7. Cardia, Emanuela & Michel, Philippe, 2004. "Altruism, intergenerational transfers of time and bequests," Journal of Economic Dynamics and Control, Elsevier, vol. 28(8), pages 1681-1701, June.
    8. MICHEL, Philippe & PESTIEAU, Pierre, 2002. "Fiscal policy with agents differing in altruism and in ability," LIDAM Discussion Papers CORE 2002049, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    9. Vidal, Jean-Pierre, 2000. "Capital Mobility in a Dynastic Framework," Oxford Economic Papers, Oxford University Press, vol. 52(3), pages 606-625, July.
    10. Barro, Robert J, 1989. "The Ricardian Approach to Budget Deficits," Journal of Economic Perspectives, American Economic Association, vol. 3(2), pages 37-54, Spring.
    11. Roberto Ricciuti, 2003. "Assessing Ricardian Equivalence," Journal of Economic Surveys, Wiley Blackwell, vol. 17(1), pages 55-78, February.
    12. Lambrecht, Stephane & Michel, Philippe & Vidal, Jean-Pierre, 2005. "Public pensions and growth," European Economic Review, Elsevier, vol. 49(5), pages 1261-1281, July.
    13. Zhang, Jie, 2006. "Second-best public debt with human capital externalities," Journal of Economic Dynamics and Control, Elsevier, vol. 30(2), pages 347-360, February.
    14. Emmanuel Thibault, 2017. "Is GDP a Relevant Social Welfare Indicator? A Savers—Spenders Theory Approach," The Japanese Economic Review, Springer, vol. 68(3), pages 333-351, September.
    15. Philippe Weil, 2008. "Overlapping Generations: The First Jubilee," Journal of Economic Perspectives, American Economic Association, vol. 22(4), pages 115-134, Fall.
    16. Koumparoulis, Dimitrios, 2006. "Ευρωπαϊκή Δημοσιονομική Πολιτική Και Οικονομική Μεγέθυνση: Η Νεοκλασική Οικονομική Θεωρία Για Την Περίπτωση Της Ελλάδας [European Fiscal Policy and Economic Growth: The Neoclassical Economic Theory," MPRA Paper 44310, University Library of Munich, Germany.
    17. MICHEL, Philippe, 2003. "Public debt and limited altruism: is Ricardian equivalence possible if altruism is limited ?," LIDAM Discussion Papers CORE 2003008, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    18. Michel, Philippe & Thibault, Emmanuel, 2007. "The failure of Ricardian equivalence under dynastic altruism," Journal of Mathematical Economics, Elsevier, vol. 43(5), pages 606-614, June.
    19. Pierre Pestieau & Emmanuel Thibault, 2012. "Love thy children or money," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 50(1), pages 31-57, May.
    20. Vidal, J.-P., 1999. "Capital Mobility in a Dynastic Framework," G.R.E.Q.A.M. 99a21, Universite Aix-Marseille III.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:prs:ecoprv:ecop_0249-4744_1991_num_100_4_5265. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Equipe PERSEE (email available below). General contact details of provider: https://www.persee.fr/collection/ecop .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.