Altruistic dynasties drive public debt policies, reshaping intergenerational wealth distribution.
The article explores how different generations in a society handle public debt. By looking at families passing down wealth and values, the researchers found that some families prefer a system where the government helps distribute resources between generations. This approach is more appealing to families who care about their children and grandchildren. The study also shows that under certain conditions, people tend to have similar preferences when it comes to public policies.