Showing 1 - 10 of 154
We analyze the efficiency of urbanization patterns in a stylized dynamic model of urban growth with three sectors of …’). If, however, production becomes cleaner over time (‘green growth’) the equilibrium urbanization path reaches the … efficient urbanization path after finite time without need of a coordinating mechanism. The results may be generalized to take …
Persistent link: https://www.econbiz.de/10010599729
paper documents the demographic and fiscal importance of international migration, especially in aging societies, reviews the …
Persistent link: https://www.econbiz.de/10010877955
Migration between countries with earnings-related and flat-rate pay-as-you-go social security systems may change human … country with flat-rate benefits may reduce their investment in education. With suitably planned transfers between the two … countries, allowing for migration may generate a Pareto-improvement for all current and future generations. Without transfers …
Persistent link: https://www.econbiz.de/10005181488
different destination countries. Focusing on migration between the four countries in our data set, we find that migration within …
Persistent link: https://www.econbiz.de/10005406154
This paper considers education investment and public education policy in closed and open economies with an extortionary … government. The extortionary government in a closed economy chooses an education policy in order to overcome a hold-up problem of … time-consistent taxation similar to benevolent governments. The two types of government differ in their education policies …
Persistent link: https://www.econbiz.de/10005406324
migration there over the period 1971-2001. What we find is that the stock of foreign students is an important predictor of … subsequent migration. This holds true whether or not the lagged endogenous variable is included. The relationship is robust to …
Persistent link: https://www.econbiz.de/10005416452
We examine the relationship between the prices paid by households and their shopping patterns measured in terms of shopping frequency and the range of stores visited. We use the TNS data which allows us to control for household heterogeneity. The main contribution of the paper is that we find...
Persistent link: https://www.econbiz.de/10010888454
This paper uses stochastic simulations on calibrated models to assess the steady state impact of different pension arrangements in an environment where financial markets are less than perfect. Surprisingly little is known about the optimal split between funded and unfunded systems when there are...
Persistent link: https://www.econbiz.de/10005765958
influence the propensity of politicians to spend on education. Using a panel of the Swiss Cantons for the period from 1990 to … 2002, we find that the education system has exhibited little elasticity in adjusting to changes in the school … public education. …
Persistent link: https://www.econbiz.de/10005094329
The paper develops an overlapping generations model with probabilistic aging of households. We define age as a set of personal attributes such as earnings potential, health and tastes that are characteristic of a person's position in the life-cycle. In assuming a limited number of different...
Persistent link: https://www.econbiz.de/10005181254