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Efficient subsidization of human capital accumulation with overlapping generations and endogenous growth
Richter, Wolfram F.; Braun, Christoph - 2010
elasticity of the human capital investment function is strictly increasing. -- OLG mode l; endogenous growth ; endogenous labour …
Persistent link: https://www.econbiz.de/10003944677
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Trade union objectives and economic growth
Irmen, Andreas; Wigger, Berthold U. - 2001
A trade union whose purpose is to raise wages above the competitive level may foster economic growth if it succeeds in shifting income away from the owners of capital to the workers and if the workers' marginal propensity to save exceeds the one of capitalists. We make this point in an...
Persistent link: https://www.econbiz.de/10011399719
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Should unemployment benefits be related to previous earnings?
Heer, Burkhard - 2002
more savings than to supply additional work in order to insure against the loss of employment. …
Persistent link: https://www.econbiz.de/10011410421
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Employment and welfare effects of a two-tier unemployment compensation system
Heer, Burkhard - 2000
unemployment insurance and unemployment assistance. ii) Savings are (not) a monotone increasing function of unemployment insurance …
Persistent link: https://www.econbiz.de/10009781574
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Demography and provisions for retirement : the pension composition, a behavioral approach
Praag, Bernard M. S. van; Hop, J. Peter - 2020
Pensions may be provided for in a modern society by a mix of several methods, namely by voluntary individual savings … workers decide on their own individual savings, that the fully-funded occupational system is decided upon by the age cohort of … pension savings are the only sources of capital supply. When capital supply equals demand from industry there is equilibrium …
Persistent link: https://www.econbiz.de/10012154725
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Growth and the ageing Joneses
Fisher, Walter H. (contributor); Heijdra, Ben J. (contributor) - 2008
We incorporate Keeping-up-with-the-Joneses (KUJ) preferences into the Blanchard-Yaari (BY) framework and develop, using an AK technology, a model of balanced growth. In this context we investigate status preference, demographic, and pension policy shocks. We find that a higher degree of KUJ...
Persistent link: https://www.econbiz.de/10003790968
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Friedman rule in a model with endogenous growth and cash-in-advance constraint
Gahvari, Firouz - 2009
economy's endogenous growth rate, and (iii) non-uniqueness of Friedman rule. -- Friedman rule ; endogenous growth ; investment …
Persistent link: https://www.econbiz.de/10003861772
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Annuity market imperfection, retirement and economic growth
Heijdra, Ben J.; Mierau, Jochen O. - 2009
We study the effects of an annuity market imperfection on individual agents' labour supply and retirement decisions and on the macroeconomic growth rate in an overlapping generations model with endogenous growth. We model imperfect annuities by introducing a load factor on the interest rate...
Persistent link: https://www.econbiz.de/10003871897
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Economic growth and longevity risk with adverse selection
Heijdra, Ben J.; Reijnders, Laurie S. M. - 2009
We study a closed economy featuring heterogeneous agents and exhibiting endogenous economic growth due to interfirm external effects. Individual agents differ in terms of their mortality profile. At birth, nature assigns a health status to each agent. Health type is private information and...
Persistent link: https://www.econbiz.de/10003923599
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Human capital accumulation and the macroeconomy in an ageing society
Heijdra, Ben J.; Reijnders, Laurie S. M. - 2012
How do population ageing shocks affect the long-run macroeconomic performance of an economy? To answer this question we build a general equilibrium overlapping generations model of a closed economy featuring endogenous factor prices. Finitely-lived individuals are endowed with perfect foresight...
Persistent link: https://www.econbiz.de/10009689545