This study analyses the dynamics of a two-dimensional overlapping generations economy with endogenous labour supply à la Reichlin (J Econ Theory 40(1):89–102, <CitationRef CitationID="CR52">1986</CitationRef>) and aspirations. We show that the degree of nonlinearity of consumption externality in individual utility is responsible for the...</citationref>

In this paper, we show that incorporating the relational dimension into an otherwise standard OLG model and focusing on dynamic leisure externalities leads to dramatically different predictions. Here, we show that when the old perceive private and relational consumption as substitutable goods, a...

This paper introduces the concept of unintentional bequests in a closed economy à la Chakraborty (J Econ Theory 116:119–137, <CitationRef CitationID="CR14">2004</CitationRef>) with overlapping generations. We show that scarce public investments in health can lead to poverty traps depending on the relative size of the output elasticity...</citationref>