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A Bequest-Constrained Economy: Welfare Analysis

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NBER1988-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2779
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Bequest constraints have played a major role in discussions of debt neutrality but their welfare implications were not sufficiently dealt with in the literature. In this paper we focus on the welfare implications of bequest constraints. We found that when institutional constraints to the transfer of
提供机构:
美国国家经济研究局
创建时间:
1988-12-01
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