Similar Search Results

On welfare criteria and optimality in an endogenous growth model

DEL REY, Elena; LOPEZ-GARCIA, Miguel ANgel - Center for Operations Research and Econometrics (CORE), … - 2010

In this paper we explore the consequences for optimality of a social planner adopting two different welfare criteria. The framework of analysis is an OLG model with physical and human capital. We first show that, when the SWF is a discounted sum of individual utilities defined over consumption...

Persistent link: https://www.econbiz.de/10008642220

Optimal education and pensions in an endogenous growth model

DEL REY, Elena; LOPEZ-GARCIA, Miguel - Center for Operations Research and Econometrics (CORE), … - 2009

It is well known that, in OLG economies with life-cycle saving and exogenous growth, competitive equilibria will in general fail to achieve optimality and may even be dynamically inefficient. This is a consequence of individuals accumulating amounts of physical capital that differ from the level...

Persistent link: https://www.econbiz.de/10008547910

Optimal education subsidy and taxes in an endogenous growth model with human capital

MARCHAND, Maurice; MICHEL, Philippe; PADDISON, Oliver; … - Center for Operations Research and Econometrics (CORE), … - 2003

This paper considers a three-overlapping-generations model of endogeneous growth wherein human capital is the engine of growth. It first contrasts the laissez-faire and the optimality solutions. Then it discusses alternative sets of tax-transfer instruments that allow for decentralization of the...

Persistent link: https://www.econbiz.de/10005043553

Means-tested long term care and family transfers

CREMER, Helmuth; PESTIEAU, Pierre - Center for Operations Research and Econometrics (CORE), … - 2014

One of the pervasive problems with means-tested public long term care (LTC) programs is their inability to prevent individuals who could afford private long term services from taking advantage of public care. They often manage to elude the means-test net through “strategic impoverishment”....

Persistent link: https://www.econbiz.de/10011094058

Long term care: the state, the market and the family

PESTIEAU, Pierre; SATO, Motohiro - Center for Operations Research and Econometrics (CORE), … - 2004

In this paper we study the optimal design of a long term care policy in a setting that includes three types of care to dependent parents: public nursing homes, financial assistance by children and assistance in time by children. The instruments are public nursing homes and subsidies to aiding...

Persistent link: https://www.econbiz.de/10005008292

Fiscal policy when individuals differ regarding to altruism and labor supply

MICHEL, Philippe; PESTIEAU, Pierre - Center for Operations Research and Econometrics (CORE), … - 1998

level of intergenerational altruism and have an endogenous labor supply. The main results is that public debt is neutral at …

Persistent link: https://www.econbiz.de/10005008460

Intergenerational altruism and the environment

JOUVET, Pierre-André; MICHEL, Philippe; VIDAL, Jean-Pierre - Center for Operations Research and Econometrics (CORE), … - 1997

of the intergenerational degree of altruism. Despite individuals’ altruism, the competitive equilibrium is not optimal …

Persistent link: https://www.econbiz.de/10005008479

How does selfishness affect well-being ?

MILCHTAICH, Igal - Center for Operations Research and Econometrics (CORE), … - 1999

well-being of others as well as with his own, or are there situations in which altruism can actually make things worse for …

Persistent link: https://www.econbiz.de/10005008674

Capital accumulation and fiscal policy in an OLG model with family altruism

LAMBRECHT, Stéphane; MICHEL, Philippe; THIBAULT, Emmanuel - Center for Operations Research and Econometrics (CORE), … - 2005

The idea of family altruism is that parents care only about their children's income and not about the use of this … income made by the children. First, we establish dynamical properties which place the OLG model with family altruism halfway … between the model with pure life-cyclers (Diamond (1965)) and the one with dynastic altruism (Barro (1974)). Then, we show …

Persistent link: https://www.econbiz.de/10005043400

Public debt and limited altruism: is Ricardian equivalence possible if altruism is limited ?

MICHEL, Philippe - Center for Operations Research and Econometrics (CORE), … - 2003

model in which altruism is limited. The effects of public debt are studied under two different types of assumptions. The …

Persistent link: https://www.econbiz.de/10005043454