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Voluntary Participation and Intergenerational Risk Sharing in a Funded Pension System
Beetsma, Roel M. W. J. - 2011
We explore the feasibility of a funded pension system with intergenerational risk sharing when participation in the system is voluntary. Typically, the willingness of the young to participate depends on their belief about the future young's willingness to do so. We characterise equilibria with...
Persistent link: https://www.econbiz.de/10013128294
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Optimal Sharing of Labor Productivity Risks and Mix of Pay-as-You-Go and Savings
Kusmerski, Debora - 2012
The paper addresses two related issues: the optimal intergenerational sharing of labor productivity risks, through a Pay-As-You-Go (PAYG) social security, and the mix of PAYG and savings for retirement provision in a small open economy. It shows that partial contingency of the social security on...
Persistent link: https://www.econbiz.de/10012712681
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Competing Recombinant Technologies for Environmental Innovation
Zeppini, Paolo; van den Bergh, Jeroen C.J.M. - 2010
This article presents a model of sequential decisions about investments in environmentally dirty and clean technologies, which extends the path-dependence framework of Arthur (1989). This allows us to evaluate if and how an economy locked into a dirty technology can be unlocked and move towards...
Persistent link: https://www.econbiz.de/10010325877
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Cooperation in an Overlapping Generations Experiment
Offerman, Theo; Verbon, Jan PottersHarry A.A.; Verbon, … - 1999
Recent theoretical work shows that folk theorems can be developed for infiniteoverlapping generations games. Cooperation in such games can be sustained as aNash equilibrium. Besides the efficient cooperative equilibrium there is alsothe inefficient non-cooperative equilibrium. This paper...
Persistent link: https://www.econbiz.de/10010324617
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Population Ageing and Pension Reform in a Small Open Economy with Non-Traded Goods
Bettendorf, Leon; Heijdra, Ben - 2005
In this paper we study the implications of population ageing in an economy with a sizeable non-traded goods sector. To this effect a highly stylized micro-founded macro model is constructed in which the age structure of the population plays a non-trivial role. The model distinguishes separate...
Persistent link: https://www.econbiz.de/10010325541
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Technology Adoption Subsidies : An Experiment with Managers
Aalbers, Rob; van der Heijden, Eline; Potters, Johannes … - 2008
We evaluate the impact of technology adoption subsidies on investment behavior in an individual choice experiment. In a laboratory setting professional managers are confronted with an intertemporal decision problem in which they have to decide whether or not to search for, and possibly adopt, a...
Persistent link: https://www.econbiz.de/10014222903
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Diagnostic Tools for Nonlinearity in Spatial Models
de Graaff, Thomas; Florax, Raymond J.G.M.; Nijkamp, Peter; … - 1998
availability and accessibility of sophisticated computational techniques. Among the class of nonlinear models chaos theory stands … significance– in terms of solid empirical tests on chaos – has still been rather limited and a rigorous statistical …-econometric treatment of chaos phenomena isstill lacking. This paper is concerned with a methodological and empirical analysis of chaos in …
Persistent link: https://www.econbiz.de/10010324411
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The Adoption of Energy Efficiency Enhancing Technologies
Verhoef, Erik; Nijkamp, Peter - 1997
This paper analyses the adoption of energy-efficiency enhancing technologies by heterogeneous firms. The fact that energy use does not only cause external environmental costs through pollution, but also directly affects the profitability of the firm and hence its behaviour on input and output...
Persistent link: https://www.econbiz.de/10010324729
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Heterogeneous Agents, Human Capital Formation and International Income Inequality
Munandar, Haris - 2008
The paper examines the effect of heterogeneity in individual human capital formation on cross-country income inequality. It considers a two-country model of overlapping generation heterogeneous economies with the following features: (1) individuals are heterogeneous with respect to inborn...
Persistent link: https://www.econbiz.de/10010325715
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Voluntary Participation and Intergenerational Risk Sharing in a Funded Pension System
Beetsma, Roel; Romp, Ward; Vos, Siert J. - 2011
We explore the feasibility of a funded pension system with intergenerational risk sharing when participation in the system is voluntary. Typically, the willingness of the young to participate depends on their belief about the future young's willingness to do so. We characterise equilibria with...
Persistent link: https://www.econbiz.de/10010325858