Similar Search Results

Tax-benefit systems in Europe and the US: Between equity and efficiency

Bargain, Olivier; Dolls, Mathias; Neumann, Dirk; … - 2011

preferences or efficiency constraints is an important question that paves the debate about the optimality of welfare regimes. To … approach to characterize the redistributive preferences embodied in the welfare systems of 17 EU countries and the US. Implicit … social welfare functions are broadly compatible with the fiction of an optimizing Paretian social planner. Some exceptions …

Persistent link: https://www.econbiz.de/10010277401

Healthy at Work? Evidence from a Social Experimental Evaluation of a Firm-Based Wellness Program

Simonsen, Marianne; Skipper, Lars - 2024

We employ a large social experiment combined with register-based data allowing for up to 12-year follow-up to evaluate a long-lasting employer-sponsored health and well-being program. We show that employees at treated worksites receive fewer consultations from their primary care physician and...

Persistent link: https://www.econbiz.de/10015047185

Saddles, Indeterminacy and Bifurcations in an Overlapping Generations Economy with a Renewable Resource

Koskela, Erkki; Ollikainen, Markku; Puhakka, Mikko - 2000

We incorporate a renewable resource into an overlapping generations model with standard, well-behaved utility and constant returns to scale production functions. Besides being a factor of production the resource serves as a store of value. We characterize dynamics, efficiency and stability of...

Persistent link: https://www.econbiz.de/10010314861

Learning Stability in Economies with Heterogenous Agents

Honkapohja, Seppo; Mitra, Kaushik - 2002

An economy exhibits structural heterogeneity when the forecasts of different agents have different effects on the determination of aggregate variables. Various forms of structural heterogeneity can arise and we study the important case of economies in which agents' behavior depends on forecasts...

Persistent link: https://www.econbiz.de/10010315457

Optimal growth and impatience : a phase diagram analysis

Chang, Fwu-Ranq - 2004

In this paper we show that we can replace the assumption of constant discount rate in the onesector optimal growth model with the assumption of decreasing marginal impatience without losing major properties of the model. In particular, we show that the steady state exists, is unique, and has a...

Persistent link: https://www.econbiz.de/10010261104

Generalized stochastic gradient learning

Evans, George W.; Honkapohja, Seppo; Williams, Noah - 2005

We study the properties of generalized stochastic gradient (GSG) learning in forward-looking models. We examine how the conditions for stability of standard stochastic gradient (SG) learning both differ from and are related to E-stability, which governs stability under least squares learning. SG...

Persistent link: https://www.econbiz.de/10010261355

Stability and dynamics in an overlapping generations economy under flexible wage negotiation and capital accumulation

Koskela, Erkki; Puhakka, Mikko - 2006

We analyze the stability and dynamics of an overlapping generations model under imperfectly competitive labour markets without population growth and with perfect foresight. Under right-to-manage wage bargaining we assume that wage is negotiated after the decision on the capital stock. With...

Persistent link: https://www.econbiz.de/10010264012

Matching and saving in continuous time: Proofs

Bayer, Christian; Wälde, Klaus - 2010

This paper provides the proofs to the analysis of a continuous time matching model with saving in Bayer and Wälde (2010a). The paper proves the results on consumption growth, provides an existence proof for optimal consumption and a detailed derivation of the Fokker-Planck equations.

Persistent link: https://www.econbiz.de/10010270451

Optimal monetary policy when agents are learning

Molnár, Krisztina; Santoro, Sergio - 2010

policy recommendation is robust: the welfare loss entailed by the optimal policy under learning if the private sector …

Persistent link: https://www.econbiz.de/10010271452

On the Perils of Stabilizing Prices when Agents are Learning

Mele, Antonio; Molnár, Krisztina; Santoro, Sergio - 2015

not stabilize prices, economic volatility is high, and agents suffer the corresponding welfare losses. However, these …

Persistent link: https://www.econbiz.de/10010480813