“…Since the external effect of present saving becomes less important over time and vanishes only in the limit, the weight on each dynasty converges to a uniform distribution. Second, the existence of cross-dynastic intergenerational altruism is consistent with findings from surveys of intergenerational time preferences (Cropper et al, 1991(Cropper et al, , 1992(Cropper et al, , 1994Johanneson and Johansson, 1997;Frederick, 2003) and experiments (Chermak and Krause, 2002;Fischer et al, 2004;Hauser et al, 2014;Molina et al, 2018; see Fehr-Duda and Fehr, 2016 for a perspective). There is also a strong empirical support for a smaller weight on the other dynasties in this generation than the own dynasty (Bernhard et al, 2006 and references therein for evidence on "parochial" altruism; see Schelling, 1995 for a perspective).…”