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Villeval, Marie-Claire - HAL - 2006

Human Capital over the Life Cycle: A European Perspective identifies the problem of human capital creation as one of the fundamental issues in the development of knowledge-based economies.

Persistent link: https://www.econbiz.de/10008791611

Human capital accumulation over the life cycle under multiple sources of uncertainty

Hanchane, Saïd; Touahri, David - HAL - 2004

In this paper, we analyse the human capital accumulation process over the life cycle of individuals under the hypothesis of earnings uncertainty. To do so, we develop a continuous time dynamic programming model which takes into account several sources of uncertainty, concerning the human capital...

Persistent link: https://www.econbiz.de/10010618141

Human capital as a risky asset and the effect of uncertainty on the decision to invest

Hanchane, Saïd; Lioui, A.; Touahri, David - HAL - 2006

In this paper, we analyse the human capital accumulation process over the life cycle of individuals under uncertainty. To do so, we develop a continuous time dynamic programming model which takes into account several sources of uncertainty, concerning the human capital accumulation process and...

Persistent link: https://www.econbiz.de/10010899522

Taxation and Income Distribution Dynamics in a Neoclassical Growth Model

Garcìa-Peñalosa, Cecilia; Turnovsky, Stephen J. - HAL - 2008

We examine how changes in tax policies affect the dynamics of the distributions of wealth and income in a Ramsey model in which agents differ in their initial capital endowment. The endogeneity of the labor supply plays a crucial role in determining inequality, as tax changes that affect hours...

Persistent link: https://www.econbiz.de/10008794135

Mesoscopic modelling of financial markets

Cordier, Stéphane; Pareschi, Lorenzo; Piatecki, Cyrille - HAL - 2008

We derive a mesoscopic description of the behavior of a simple financial market where the agents can create their own portfolio between two investments alternatives: a stock and a bond. The model is derived starting from the Levy-Levy-Solomon microscopic model using the methods of kinetic theory...

Persistent link: https://www.econbiz.de/10008794299

The Contribution of Housing to the Dynamics of Inequalities

Sidibé, Modibo - HAL - 2012

, wealth accumulation via the dynamics of housing prices and the human capital acquisition process of the next generation. The …

Persistent link: https://www.econbiz.de/10010899866

Asymptotic age structures and intergenerational trade

Ponthière, Grégory - HAL - 2009

While demographers Lotka (1939) and Lopez (1961) proposed conditions on (exogenous) fertility and mortality laws under … issues of age structure stabilization and convergence, by considering a population whose fertility and mortality are … structures will end up with the same long-run age structure when fertility and mortality laws are converging, which requires …

Persistent link: https://www.econbiz.de/10010738783

Fair Retirement Under Risky Lifetime

Fleurbaey, Marc; Leroux, Marie-Louise; Pestieau, Pierre; … - HAL - 2013

egalitarian grounds --although the conclusion is reversed when mortality strikes only after retirement. …

Persistent link: https://www.econbiz.de/10010738814

How Powerful is Demography? The Serendipity Theorem Revisited

Croix, David De La; Pestieau, Pierre; Ponthière, Grégory - HAL - 2009

Introduced by Samuelson (1975), the Serendipity Theorem states that the competitive economy will converge towards the optimum steady-state provided the optimum population growth rate is imposed. This paper aims at exploring whether the Serendipity Theorem still holds in an economy with risky...

Persistent link: https://www.econbiz.de/10010738987

The public economics of increasing longevity

Pestieau, Pierre; Ponthière, Grégory - HAL - 2012

One of the greatest success stories in our societies is that people are living longer, life expectancy at birth being now above 80 years. Whereas the lengthening of life opens huge opportunities for individuals if extra years are spent in prosperity and good health, it is however often regarded...

Persistent link: https://www.econbiz.de/10010739055