In this paper we investigate an OLG model with imperfect altruism. We focus on the impact of three taxes: labor income tax, saving income tax and inheritance tax on labour supply and welfare distributions and on macroeconomic variables.

This paper discusses the influence of technological externalities on the dynamic properties of accumulation paths in a two-sector growth model in discrete time.

This is a study in the field of unemployment and unemployability. I build an unclosed matching model of unemployment, where matching rates are exogenous. The value of an unfilled job depends on the average skill of the unemployed, who are supposed to lose (absolutely, or relatively) some of...

This paper shows that Barro's (1974) debt neutrliaty theorem does not hold in OLG economies whenever the marginal rate of substitution between both periods' consumptions evaluated at the modified golden rule capital stock is lower that the degree of intergenerational altruism. It could be...

Nous etudions un modele de croissance a un secteur dans lequel coexistent a chaque periode un continuum d'agents a duree de vie finie, et d'agents a duree de vie infinie. Nous montrons que deux types d'equilibres stationnaires peuvent exister selon le niveau d'epargne stationnaire des agents a...

We consider a discrete-time two-sector Cobb-Douglas economy with positive sector specific external effects. We show that indetermincay of steady states and cycles can easily arise with constant or decreasing social returns to scale, and very small market imperfections. This is in sharp contrast...

We study a selection method for a Nash feedback equilibrium of a one-dimensional linear-quadratic nonzero sum game over an infinite horizon: by introducing a change in the time variable, one obtains an associated game over a finite horizon T 0 and with free terminal state. This associated game...