This paper uses a calibrated life cycle model to quantify the distributional effects of Social Security reforms. We focus only on two countries: Italy and France becaue they adopted two different strategies to cope with aging. While France marginally modified its defined pension plan. Italy...

This paper investigates the importance that market regulation and fi…nancial imperfections have on …firm growth. We analyse institutions af- fecting labor market as Employment Protection Laws (EP) and Product Market Regulation (PM). We show that together with the bene…ficial ef- fects of...

Nous étudions l’effet des contraintes de liquidité et des coûts de création d’entreprise sur la relation entre la richesse et la proportion d’entrepreneurs dans l’économie. Nous proposons en premier lieu un modèle théorique dynamique visant à comprendre la décision de devenir...