P
Philippe Michel
Researcher at Centre national de la recherche scientifique
Publications - 15
Citations - 367
Philippe Michel is an academic researcher from Centre national de la recherche scientifique. The author has contributed to research in topics: Overlapping generations model & Fiscal policy. The author has an hindex of 9, co-authored 15 publications receiving 359 citations. Previous affiliations of Philippe Michel include University of the Mediterranean & Institut Universitaire de France.
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Journal ArticleDOI
Intergenerational Altruism and the Environment
TL;DR: In this paper, the authors construct an overlapping generations model of pollution externality in which individuals are altruistically linked to their offspring as in Barro (1974), and show that steady-state consumption may be a decreasing function of the intergenerational degree of altruism.
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Intergenerational altruism and the environment
TL;DR: In this article, an overlapping generations model of pollution externality wherein individ- uals are altruistically linked to their offspring as in Barro (1974) was constructed and it was shown that steady-state consumption can be a decreasing function of the intergenerational degree of altruism.
Journal ArticleDOI
Fiscal Policy in a Growth Model with Both Altruistic and Nonaltruistic Agents
Philippe Michel,Pierre Pestieaut +1 more
TL;DR: In this paper, the authors examined the long-run behavior of an overlapping generations model with a population consisting of altruistic and non-altruistic agents, and studied the effect of fiscal policy on aggregate capital accumulation and on the welfare of both types of agents.
Journal ArticleDOI
The Distribution of Wealth with Imperfect Altruism
Jayasri Dutta,Philippe Michel +1 more
TL;DR: In this article, the authors study the distribution of wealth in an economy with infinitely lived families, where individual generations of each family may or may not be altruistic, represented as a preference shock which follows a firstorder Markov process within each family.
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Capital Accumulation and Fiscal Policy in an OLG Model with Family Altruism
TL;DR: This article showed that a pay-as-you-go social security is neutral but not a public debt, which leads to interesting fiscal policy conclusions less clearcut and more realistic than those obtained with the two previous standard OLG models.