Altruistic love shapes optimal intergenerational wealth distribution in families.
The article explores how the love within families affects their financial decisions over time. It looks at how parents and children influence the spending habits of working couples. The study shows that being caring and generous can lead to better long-term financial outcomes. However, being too generous can sometimes cause problems. By balancing their own needs with those of their family members, working couples can achieve both efficiency and optimal financial stability.