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leads to an endogenous, unequal distribution of the health-related consequences of pollution across income groups in a … afford private mitigation of the adverse consequences of pollution is a central feature of the analysis. Private mitigation … manner consistent with epidemiologic studies, in contrast to much of the literature which assumes equal health effects for …
Persistent link: https://www.econbiz.de/10005094435
growth rate of consumption and the capital stock until a shock arrives, triggering a downward jump in both variables. Optimum … baseline model by adding climate-induced fluctuations around the growth trend and stock-pollution effects, demonstrating …
Persistent link: https://www.econbiz.de/10011082827
The perception of disease risks and risky health behaviors are closely associated. In this paper, we investigate the … accuracy of disease risk perceptions among obese individuals. We compare subjective risk perceptions for various diseases …
Persistent link: https://www.econbiz.de/10010877831
We study the stability of voluntary cooperation in response to varying rates at which a group grows. Using a laboratory public-good game with voluntary contributions and economies of scale, we construct a situation in which expanding a group’s size yields potential efficiency gains, but only...
Persistent link: https://www.econbiz.de/10010877699
This paper explores the long-run impacts of tax policy in a two-country model of endogenous growth with variable labor supply. We focus on international spillover effects of tax reforms under alternative trade structures. It is shown that if the instantaneous utility function of the...
Persistent link: https://www.econbiz.de/10010877833
Carbon dioxide emissions are a major force driving climate change. We construct scenarios of CO2 emissions from fossil energy until 2100 in Europe. Major innovations are first that economic growth is based on an endogenous economic growth model and second that we calibrate our model to...
Persistent link: https://www.econbiz.de/10010948858
We study the effects of an annuity market imperfection on individual agents’ labour supply and retirement decisions and on the macroeconomic growth rate in an overlapping generations model with endogenous growth. We model imperfect annuities by introducing a load factor on the interest rate...
Persistent link: https://www.econbiz.de/10005013054
This paper introduces money into an overlapping generations model with endogenous growth. The model, due to Docquier et al. (2007), exhibits a positive intergenerational externality which precludes its laissez-fair equilibrium to be optimal even if the government can control the level of...
Persistent link: https://www.econbiz.de/10005013062
In this paper we test the AK model of growth with laboratory experiments. In each period, agents produce and trade output in a market, and allocate it to consumption and investment. The economy should experience a constant and positive rate of growth. We analyze two treatments differing from...
Persistent link: https://www.econbiz.de/10009651181
Employing an endogenous growth model with human capital, this paper explores how productivity shocks in the goods and human capital producing sectors contribute to explaining aggregate fluctuations in output, consumption, investment and hours. Given the importance of accounting for both the...
Persistent link: https://www.econbiz.de/10009293484