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Persistent link: https://www.econbiz.de/10005779470
The purpose of this letter is to analyze the impact of economic integration when countries differ in their social security systems, more specifically in the degree of funding of their pensions, and in the regulation of the retirement age. Funding and mandatory early retirement are two features...
Persistent link: https://www.econbiz.de/10010695717
This paper analyzes the impact of aging on capital accumulation and welfare in a country with a sizable unfunded social security system. Using a two-period overlapping-generation model with endogenous retirement decisions, we show that both the type of aging and the type of unfunded social...
Persistent link: https://www.econbiz.de/10011094067
This paper analyzes a competition game between two universities that teach and research in the same jurisdiction. The resulting equilibrium is unique and symmetric but differs according to preferences, technologies and public policy. The budget for university finance is exogenously given and...
Persistent link: https://www.econbiz.de/10005043138
This paper analyzes a competition game between two universities that teach and research in the same juridiction. The resulting equilibrium is unique and symmetric but differs according to preferences, technologies and public policy. The bydget for university finance is exogenously givenand...
Persistent link: https://www.econbiz.de/10005634113
Behavioral economics has shaken the view that individuals have well-defined, consistent and stable preferences. This … raises a challenge for welfare economics, which takes as a key postulate that individual preferences should be respected. We … agree with Bernheim (2009) and Bernheim and Rangel (2009) that behavioral economics is compatible with consistency of …
Persistent link: https://www.econbiz.de/10010610462
In this paper we examine whether, and how, welfare economics should incorporate the insights from happiness and …
Persistent link: https://www.econbiz.de/10008494371
This paper develops a dynamic model wherein production generates pollution that is viewed as a public bad by consumers. There are two types of consumers : those who are altuist a la Barro-Becker and leave bequests to their children and those who are pure life-cyclers. Both types of consumers...
Persistent link: https://www.econbiz.de/10005478916
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