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How Powerful is Demography? The Serendipity Theorem Revisited

CROIX, David de la; PESTIEAU, Pierre; PONTHIERE, Gregory - Institut de Recherche Économique et Sociale (IRES), … - 2009

annuity market with actuarially fair return, imposing the optimum fertility rate and the optimum survival rate leads the …

Persistent link: https://www.econbiz.de/10008516767

Pension reform, employment by age and long-run growth

BUYSE, Tim; HEYLEN, Freddy; KERCKHOVE, Renaat VAN DE - Institut de Recherche Économique et Sociale (IRES), … - 2011

We study the effects of pension reform in a four-period OLG model for an open economy where hours worked by three active generations, education of the young, the retirement decision of older workers, and aggregate per capita growth, are endogenous. Next to the characteristics of the pension...

Persistent link: https://www.econbiz.de/10009350367

Demography, capital flows and unemployment

MARCHIORI, Luca; PIERRARD, Olivier; SNEESSENS, Henri R. - Institut de Recherche Économique et Sociale (IRES), … - 2011

This paper contributes to the already vast literature on demography-induced international capital flows by examining the role of labor market imperfections and institutions. We setup a two-country overlapping generations model with search unemployment, which we calibrate on EU15 and US data....

Persistent link: https://www.econbiz.de/10009493505

Intergenerational equity and the discount rate for cost-benefit analysis

Jean-François, MERTENS; Anna, RUBINCHIK - Institut de Recherche Économique et Sociale (IRES), … - 2008

For two independent principles of intergenerational equity, the implied discount rate equals the growth rate of real per-capital income, say 2%, thus falling right into the range suggested by the U.S. Office of Management and Budget. To prove this, we develop a simple tool to evaluate small...

Persistent link: https://www.econbiz.de/10004984882

Endogenous Growth and Regional Dynamics in an OLG Model with Land

Lionel, ARTIGE - Institut de Recherche Économique et Sociale (IRES), … - 2004

This paper examines the existence condition of a balanced growth path in an overlapping generations model in which production uses three inputs, physical capital, human capital and land, with increasing returns to scale. Human capital is the engine of economic growth. It is shown that, unlike...

Persistent link: https://www.econbiz.de/10004984960

Existence, Uniqueness and Stability of Equilibrium in an Overlapping Generation Model with Monopolistic Competition and Free Entry and Exit of Firms

Rio, Fernando del; Licandro, Omar - Institut de Recherche Économique et Sociale (IRES), … - 2001

In this paper we have analyzed existence, uniqueness and stability of a steady-state equilibrium in an overlapping generations model with monopolistic competition and free entry and exit of firms. We establish a strenghtened Inada condition that is sufficient to exclude global contraction for...

Persistent link: https://www.econbiz.de/10004985078

The Natalist Bias of Pollution Control

Croix, David de la; Gosseries, Axel - Institut de Recherche Économique et Sociale (IRES), … - 2011

For a given technology, two ways are available to achieve low polluting emissions: reducing production per capita or reducing population size. This paper insists on the tension between the former and the latter. Controlling pollution either through Pigovian taxes or through tradable quotas...

Persistent link: https://www.econbiz.de/10009197246

Aging and Pensions in General Equilibrium: Labor Market Imperfections Matter

Croix, David de la; Pierrard, Olivier; Sneessens, Henri - Institut de Recherche Économique et Sociale (IRES), … - 2010

This paper re-examines the effects of population aging and pension reforms in an OLG model with labor market frictions. The most important feature brought about by labor market frictions is the connection between the interest rate and the unemployment rate. Exogenous shocks (such as aging)...

Persistent link: https://www.econbiz.de/10008674348

Access to Childcare and Second Child Arrival in European Countries

Hippolyte d’Albis; Gobbi, Paula; Greulich, Angela - Institut de Recherche Économique et Sociale (IRES), … - 2015

This paper shows that differences in fertility across European countries mainly emerge in the transition from the first …

Persistent link: https://www.econbiz.de/10011277396

Development Policies when Accounting for the Extensive Margin of Fertility

BAUDIN, Thomas; CROIX, David de la; GOBBI, Paula - Institut de Recherche Économique et Sociale (IRES), … - 2015

of development policies on fertility. We measure the importance of the components of childlessness with a structural … model of fertility and marriage. Deep parameters are identified using census data from 36 developing countries. On average … heavily affected by unwanted births, and to underestimating the effect of promoting gender equality on fertility, except in …

Persistent link: https://www.econbiz.de/10011265925