Showing 1 - 10 of 59
Growth models with endogenous mortality assume generally that life expectancy is increasing with output per capita, and, thus, with individual consumption, whatever the consumption level is. However, empirical evidence on the effect of overconsumption and obesity on mortality tends to question...
Persistent link: https://www.econbiz.de/10010738705
While demographers Lotka (1939) and Lopez (1961) proposed conditions on (exogenous) fertility and mortality laws under which populations with distinct initial age structures exhibit the same asymptotic age structure, this paper re-examines the issues of age structure stabilization and...
Persistent link: https://www.econbiz.de/10010738783
Whereas studies on the optimal taxation under endogenous longevity assume a fixed heterogeneity of lifestyles, this paper considers the optimal tax policy in an economy where unequal longevities are the unintended outcome of differences in lifestyles, and where lifestyles are transmitted across...
Persistent link: https://www.econbiz.de/10010738830
Parenthood postponement is a key demographic trend of the last three decades. In order to rationalize that stylized fact, we extend the canonical model by Barro and Becker (1989) to include two - instead of one reproduction periods. We examine how the cost structure of early and late children in...
Persistent link: https://www.econbiz.de/10010738947
Following Ben-Porath (1967), the influence of life expectancy on education has attracted much attention. Whereas existing growth models rely on an education decision made either by the child or by his parent, we revisit the Ben-Porath effect when the education is the outcome of a bargaining...
Persistent link: https://www.econbiz.de/10010738985
This paper deals with the relationship between real exchange rate and growth in the process of economic integration. Using a 2x2x2 model of overlapping generations, we show that growth depends on the real exchange rate (RER) through human capital accu- mulation. Integration leads to convergence...
Persistent link: https://www.econbiz.de/10010899708
-being responds negatively (positively) to an increase in the GDP (unemployment rate) of their home country. That is, we originally …
Persistent link: https://www.econbiz.de/10010933917
neighborhood characteristics explain victimization better than individual characteristics. Second, I find that local unemployment … the precise localization of the data to adopt a spatial approach, comparing the effect of unemployment rate in the …
Persistent link: https://www.econbiz.de/10010933937
determine unemployment. We show that the impact of financial variables depends strongly on the labour market context. Increased … market capitalization as well as decreased banking concentration reduce unemployment if the level of labour market regulation … intermediated credit worsens unemployment when the labour market is weakly regulated and coordinated, whereas it reduces …
Persistent link: https://www.econbiz.de/10010930162
This paper presents a model allowing to analyze voting, welfare institutions and economic performance. We consider a political economy framework with three classes of agents: entrepreneurs, employed workers and unemployed workers. Agents vote on alternative institutional options: the degree of...
Persistent link: https://www.econbiz.de/10010930237