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Impacts of Immigration on Aging Welfare-State An Applied General Equilibrium Model for France
Chojnicki, Xavier; Ragot, Lionel - HAL - 2011
Immigration is often seen as an instrument of adaptation for aging countries. In this paper, we evaluate, using a … quantify the immigration effects on the French social protection finances. The first variant assesses the economic effects of … immigration in France as projected into official forecasts. The three other variants are built on the same more ambitious annual …
Persistent link: https://www.econbiz.de/10010790601
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Vieillissement de la population en Italie et efficacité des réformes Amato et Dini : un modèle d'équilibre général à générations imbriquées
Magnani, Riccardo - HAL - 2006
L'objectif de ce papier est d'analyser les impacts du vieillissement de la population italienne sur le système économique et en particulier sur le système de retraite afin d'évaluer l'efficacité des réformes mises en place durant les années 90 (réforme Amato en 1992 et réforme Dini en...
Persistent link: https://www.econbiz.de/10009323943
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Immigration, growth and unemployment: Panel VAR evidence from OECD countries
BOUBTANE, Ekrame; COULIBALY, Dramane; Rault, C. - HAL - 2013
This paper examines empirically the interaction between immigration and host country economic conditions. We employ a …
Persistent link: https://www.econbiz.de/10010821249
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Immigration, growth and unemployment: Panel VAR evidence from OECD countries
Boubtane, Ekrame; Coulibaly, Dramane; Rault, Christophe - HAL - 2013
This paper examines empirically the interaction between immigration and host country economic conditions. We employ a …
Persistent link: https://www.econbiz.de/10010635115
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The Inefficient Markets Hypothesis: Why Financial Markets Do Not Work Well in the Real World
Farmer, Roger E.A.; Nourry, Carine; Venditti, Alain - HAL - 2013
Existing literature continues to be unable to offer a convincing explanation for the volatility of the stochastic discount factor in real world data. Our work provides such an explanation. We do not rely on frictions, market incompleteness or transactions costs of any kind. Instead, we modify a...
Persistent link: https://www.econbiz.de/10010933923
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External Constraints and Endogenous Growth: Why Didn't Some Countries Benefit from Capital Flows?
Gente, Karine; León-Ledesma, Miguel; Nourry, Carine - HAL - 2013
Empirical evidence on the growth benefits of capital inflows is mixed. The growth benefits accruing from capital inflows also appear to be larger for high savings countries. We explain this phenomenon using an OLG model of endogenous growth in open economies with borrowing constraints that can...
Persistent link: https://www.econbiz.de/10010933943
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Fair Intergenerational Sharing of a Natural Resource
D'Albis, Hippolyte; Ambec, Stefan - HAL - 2010
In this article, overlapping generations are extracting a natural resource over an infinite future. We examine the fair allocation of resource and compensations among generations. Fairness is defined by core lower bounds and aspiration upper bounds. The core lower bounds require that every...
Persistent link: https://www.econbiz.de/10009322910
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Implementing steady state efficiency in overlapping generations economies with environmental externalities
Dao, Nguyen Thang; Davila, Julio - HAL - 2010
We consider in this paper overlapping generations economies with polution resulting from both consumption and production. The competitive equilibrium steady state is compared to the optimal steady state from the social planner's viewpoint. We show that any competitive equilibrium steady state...
Persistent link: https://www.econbiz.de/10010605325
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A Note on Indeterminacy in Overlapping Generations Economies with Environment and Endogenous Labor Supply
Seegmuller, Thomas; Verchère, Alban - HAL - 2007
We consider an overlapping generations model with environment and an elastic labor supply. In this framework, consumers have to choose between consumption, environmental quality, and leisure. We show the existence of both deterministic cycles and indeterminacy. In contrast to previous results,...
Persistent link: https://www.econbiz.de/10010750468
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Capital-labor Substitution and Endogenous Fluctuations: a Monopolistic Competition Approach with Variable Mark-up
Seegmuller, Thomas - HAL - 2009
In macroeconomics, economists introduce most frequently imperfect competition on product markets using the Dixit and Stiglitz (1977) monopolistic competition model. However, by assumption, this framework ignores one important feature of imperfect competition: strategic interactions between...
Persistent link: https://www.econbiz.de/10010750491