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Population, pensions, and endogenous economic growth

Heer, Burkhard; Irmen, Andreas - 2008 - This Version: November 16, 2008

We study the effect of a declining labor force on the incentives to engage in labor-saving technical change and ask how this effect is influenced by institutional characteristics of the pension scheme. When labor is scarcer it becomes more expensive and innovation investments that increase labor...

Persistent link: https://www.econbiz.de/10003779148

Trade union objectives and economic growth

Irmen, Andreas; Wigger, Berthold U. - 2001

A trade union whose purpose is to raise wages above the competitive level may foster economic growth if it succeeds in shifting income away from the owners of capital to the workers and if the workers' marginal propensity to save exceeds the one of capitalists. We make this point in an...

Persistent link: https://www.econbiz.de/10011399719

The supply of hours worked and fluctuations between growth regimes

Iong, Ka-Kit; Irmen, Andreas - 2021

Declining hours of work per worker in conjunction with a growing work force may give rise to fluctuations between growth regimes. This is shown in an overlapping generations model with two-period lived individuals endowed with Boppart-Krusell preferences (Boppart and Krusell (2020)). On the...

Persistent link: https://www.econbiz.de/10012499514

The supply of hours worked and endogenous growth cycles

Iong, Ka-Kit; Irmen, Andreas - 2020 - This version: March 27, 2020

Persistent link: https://www.econbiz.de/10012258518

Endogenous task-based technical change - factor scarcity and factor prices

Irmen, Andreas - 2020 - This Version: April 1, 2020

Persistent link: https://www.econbiz.de/10012258525

Automation, growth, and factor shares in the era of population aging

Irmen, Andreas - 2020 - This version: May 1, 2020

Persistent link: https://www.econbiz.de/10012258564

Factor income distribution and endogenous economic growth : when Piketty meets Romer

Irmen, Andreas; Tabaković, Amer - 2016

We scrutinize Thomas Piketty's (2014) theory concerning the relationship between an economy's long-run growth rate, its … of Piketty's Second Fundamental Law of Capitalism does not hold. In line with Piketty's theory a smaller long-run growth …, both the economy's savings rate and its growth rate are endogenous variables whereas in Piketty's theory they are both …

Persistent link: https://www.econbiz.de/10011568791

Factor income distribution and endogenous economic growth : when Piketty meets Romer

Irmen, Andreas; Tabakovic, Amer - 2016

Persistent link: https://www.econbiz.de/10011853082

Endogenous task-based technical change : factor scarcity and factor prices

Irmen, Andreas - 2020

This paper develops a static model of endogenous task-based technical progress to study how factor scarcity induces technological progress and changes in factor prices. The equilibrium technology is multi-dimensional and not strongly factor-saving in the sense of Acemoglu (2010). Nevertheless,...

Persistent link: https://www.econbiz.de/10012200235

Automation, growth, and factor shares in the era of population aging

Irmen, Andreas - 2021

How does population aging affect economic growth and factor shares in times of increasingly automatable production processes? The present paper addresses this question in a new macroeconomic model of automation where competitive firms perform tasks to produce output. Tasks require labor and...

Persistent link: https://www.econbiz.de/10012597831