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The supply of hours worked and fluctuations between growth regimes
Iong, Ka-Kit; Irmen, Andreas - 2021
Declining hours of work per worker in conjunction with a growing work force may give rise to fluctuations between growth regimes. This is shown in an overlapping generations model with two-period lived individuals endowed with Boppart-Krusell preferences (Boppart and Krusell (2020)). On the...
Persistent link: https://www.econbiz.de/10012499514
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How sustainable are old-age pensions in a shrinking population with endogenous labour supply?
Cardoso, Pedro; Praag, Bernard M. S. van - 2003
In this paper we model an OLG-economy where labour supply is endogenously determined and where we assume that there are two pension systems, namely, a pay-as-you-go system and a funded system. The main question is whether there is an equilibrium involving an old-age pensions system, partly...
Persistent link: https://www.econbiz.de/10011514183
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Longevity shocks with age-dependent productivity growth
Heijdra, Ben J.; Reijnders, Laurie S. M. - 2015
The aim of this paper is to study the long-run effects of a longevity increase on individual decisions about education …
Persistent link: https://www.econbiz.de/10010528342
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Geographical origins and economic consequences of language structures
Galor, Oded; Özak, Ömer; Sarid, Assaf - 2016
This research explores the economic causes and consequences of language structures. It advances the hypothesis and establishes empirically that variations in pre-industrial geographical characteristics that were conducive to higher return to agricultural investment, larger gender gap in...
Persistent link: https://www.econbiz.de/10011557658
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Working time regulation, unequal lifetimes and fairness
Leroux, Marie-Louise; Ponthiere, Gregory - 2016
We examine the redistributive impact of working time regulations in an economy with unequal lifetimes. It is shown that uniform working time reductions, when uncompensated (i.e. constant hourly wage), can reduce inequalities in realized lifetime well-being between short-lived and long-lived...
Persistent link: https://www.econbiz.de/10011586259
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Automation, growth, and factor shares in the era of population aging
Irmen, Andreas - 2021
How does population aging affect economic growth and factor shares in times of increasingly automatable production processes? The present paper addresses this question in a new macroeconomic model of automation where competitive firms perform tasks to produce output. Tasks require labor and...
Persistent link: https://www.econbiz.de/10012597831
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Economic growth and longevity risk with adverse selection
Heijdra, Ben J.; Reijnders, Laurie S. M. - 2009
external effects. Individual agents differ in terms of their mortality profile. At birth, nature assigns a health status to …
Persistent link: https://www.econbiz.de/10003923599
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Annuity market imperfection, retirement and economic growth
Heijdra, Ben J.; Mierau, Jochen O. - 2009
-independent wages and a constant mortality rate. In the first extension we study the implications for microeconomic decisions and … realistic mortality process. Our main findings are that the limited availability of annuities induces agents to retire early in … the first two models, but later in the model with age-dependent mortality. In all cases, the general equilibrium …
Persistent link: https://www.econbiz.de/10003871897
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Elite education, mass education, and the transition to modern growth
Strulik, Holger; Werner, Katharina - 2015
We propose an innovation-driven growth model in which education is determined by family background and cognitive … ability. We show that compulsory schooling can move a society from elite education to mass education, which then triggers …, compulsory education is implemented first and triggers the onset of market R&D. According to the British way, market R&D is …
Persistent link: https://www.econbiz.de/10011392484
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Taxation and labor supply of married couples across countries : a macroeconomic analysis
Bick, Alexander; Fuchs-Schündeln, Nicola - 2017
We document contemporaneous differences in the aggregate labor supply of married couples across 17 European countries and the US. Based on a model of joint household decision making, we quantify the contribution of international differences in non-linear labor income taxes and consumption taxes...
Persistent link: https://www.econbiz.de/10011602475