. The reason is different effects on saving and investment from cohort-size variation. In a panel of annual OECD data 1960 …-1995, we find that the age effects on saving are similar to results on world samples but the effects on investment are very … different. The respective age profiles of saving and investment are much more similar in the OECD sample. This may be one factor …

adverse effects on the growth rates of investment and durable consumption, whereas the in uence on non-durable consumption …

Existing empirical studies have focused on determinants of investment. We focus instead on episodes of accelerated … analysis to explore their characteristics. Turning points in investment tend to be preceded by undervalued real exchange rates … capital index. Investment surges appear to be associated with accelerated structural change in the economy. …

externalities and equilibrium unemployment. Our model incorporates endogenous labor force participation and two margins of … consumption and output; a marginal increase in the unemployment and labor force participation rates; and an expansion in the … accompanied by gradual gains in output and consumption and a negligible expansion in unemployment. Critically, abstracting from …

not slow economic growth or worsen the unemployment problem from 1933 to 1939, as claimed by a number of economists in … medicine for the Depression, though fiscal policy was not sufficiently countercyclical to conquer mass unemployment and prevent …

This article documents a strong connection between unemployment and mental disorders using data from the Spanish … results suggest that an increase of the unemployment rate by 10 percent due to collapse of the sector raised mental disorders … faced very low chances of re-entering employment. We show that this led to long unemployment spells, hopelessness and …

conditions are a major determinant of entrepreneurship. Higher local unemployment rates are found to increase the probability … individuals who are initially not employed respond more to high local unemployment rates by starting businesses than wage … influences resulting in higher levels of business creation. Using the regression estimates for the local unemployment rate …