Time preference and capital mobility in an OLG model with land

This paper examines the pattern of capital mobility in a two-country overlapping generations world in which production uses three inputs: capital, labor and land. The steady-state welfare consequences of opening countries to financial capital or labor mobility are then compared. In particular, it is shown that capital mobility does not equalize standards of living across countries. To achieve this goal, one has to rely on labor mobility.

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Year of publication:	1998-02-27
Authors:	Vidal, Jean-Pierre ; Michel, Philippe ; Crettez, Bertrand
Published in:	Journal of Population Economics. - European Society for Population Economics - ESPE. - Vol. 11.1998, 1, p. 149-158
Publisher:	European Society for Population Economics - ESPE
Subject:	Overlapping generations models \| migrations \| capital mobility \| land

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Extent:	application/pdf application/postscript
Type of publication:	Article
Notes:	Received: 8 January 1996 / Accepted: 6 June 1996
Classification:	D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; F21 - International Investment; Long-Term Capital Movements ; F22 - International Migration ; O41 - One, Two, and Multisector Growth Models ; Q15 - Land Ownership and Tenure; Land Reform; Land Use; Irrigation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005622286