Junior is Rich: Bequests as Consumption
收藏NBER2005-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w11122
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资源简介：
We explore the consequences for asset pricing of admitting a bequest motive into an otherwise standard overlapping generations model where agents trade equity and perpetual debt securities. Prices of securities are seen to be approximately 50% higher in an economy with bequests as compared to an
提供机构：
美国国家经济研究局
创建时间：
2005-02-01
