Similar Search Results

Trading Off Generations: Infinitely Lived Agent Versus OLG

Schneider, Maik T.; Traeger, Christian; Winkler, Ralph - CESifo - 2012

The prevailing literature discusses intergenerational trade-offs in climate change predominantly in terms of the Ramsey equation relying on the infinitely lived agent model. We discuss these trade-offs in a continuous time OLG framework and relate our results to the infinitely lived agent...

Persistent link: https://www.econbiz.de/10009649700

Insuring Educational Risk: Opportunities versus Income

Schindler, Dirk; Weigert, Benjamin - CESifo - 2008

We develop a model of education where individuals face educational risk. Successfully entering the skilled labor sector depends on individual effort in education and public resources, but educational risk still causes (income) inequality. We show that an optimal public policy consists of...

Persistent link: https://www.econbiz.de/10005406331

Tax Rate Harmonization, Renegotiation and Asymmetric Tax Competition for Profits with Repeated Interaction

Eggert, Wolfgang; Itaya, Jun-ichi - CESifo - 2011

This paper analyzes a model of corporate tax competition with repeated interaction and with strategic use of profit shifting within multinationals. We show that international tax coordination is more likely to prevail if the degree of asymmetry in terms of productivity differences between...

Persistent link: https://www.econbiz.de/10009020782

Shutting the Stable Door after the Horse Has Bolted? On Educational Risk and the Quality of Education

Schindler, Dirk; Weigert, Benjamin - CESifo - 2011

We analyze whether a redistributive government should provide ex ante insurance against unfortunate outcomes or whether it should instead rely on transfers for redistributing income ex post. To this end, we develop a model of education in which individuals face educational risk and wage...

Persistent link: https://www.econbiz.de/10009021236

Integrated Public Education, Fertility and Human Capital

Azarnert, Leonid V. - CESifo - 2011

multicultural public schools to private education increases private educational expenditures and, as a result, decreases fertility …

Persistent link: https://www.econbiz.de/10009274518

Pension, Fertility, and Education

Meier, Volker; Wrede, Matthias - CESifo - 2005

human capital. In a framework with heterogeneity in productivity, and stochastic and endogenous investment in fertility and … displays both a benefit contingent on the contributions of children and a purely fertility-related component. …

Persistent link: https://www.econbiz.de/10005766193

Pensions and Fertility Incentives

Fenge, Robert; Meier, Volker - CESifo - 2003

fertility setting. In the model of a small open economy, higher fertility is associated with a reduction of lifetime labor … supply. The optimum share of fertility-related pensions is always below unity, but generally positive. The former is true … demonstrated that child allowances are equivalent to fertility-related pensions as instruments to achieve an efficient allocation. …

Persistent link: https://www.econbiz.de/10005406380

Low Altruism, Austerity, and Aversion to Default: Are Countries Converging to the Natural Debt Limit?

Bohn, Henning - CESifo - 2013

Democracies around the world are making promises to the old at the expense of future generations. I interpret this as reflecting low altruism—a discount rate on children’s utility greater than the world interest rate—and I examine the implications in a small open economy with overlapping...

Persistent link: https://www.econbiz.de/10010877813

Provision of a Public Good with Altruistic Overlapping Generations and Many Tribes

Karp, Larry S. - CESifo - 2012

Intergenerational altruism and contemporaneous cooperation are both important to the provision of long-lived public goods. Equilibrium climate protection may depend more sensitively on either of these considerations, depending on the type of policy rule one examines. This conclusion is based on...

Persistent link: https://www.econbiz.de/10010877869

Human Capital Accumulation and the Macroeconomy in an Ageing Society

Heijdra, Ben J.; Reijnders, Laurie S. M. - CESifo - 2012

How do population ageing shocks affect the long-run macroeconomic performance of an economy? To answer this question we build a general equilibrium overlapping generations model of a closed economy featuring endogenous factor prices. Finitely-lived individuals are endowed with perfect foresight...

Persistent link: https://www.econbiz.de/10010877922

1
2
3
4
5
6
7
8
9
10
Next
Last