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Social Competition and Firms' Location Choices

Delbecque, Vincent; Méjean, Isabelle; Patureau, Lise - Centre d'études prospectives et d'informations … - 2008

The paper evaluates the empirical effect of labor market institutions on foreign direct investment (FDI) decisions. To …. Following Head and Mayer (2004b), the determinants of individual FDI decisions are estimated by implementing a discrete choice … FDI decisions take place within the set of industrialized OECD countries. …

Persistent link: https://www.econbiz.de/10005607350

LOLA 1.0: Luxembourg overLapping generation model for policy analysis

Pierrard, Olivier; Sneessens, Henri R. - Central Bank of Luxembourg - 2009

We build on the DSGE literature to propose an overlapping generation model for Luxembourg. By way of illustration, the model is then used to study the consequences of the ageing of the population and the potential effects of alternative macroeconomic policies.

Persistent link: https://www.econbiz.de/10009276981

Aging and Pensions in General Equilibrium: Labor Market Imperfections Matter

Croix, David de la; Pierrard, Olivier; Sneessens, Henri R. - Central Bank of Luxembourg - 2011

This paper re-examines the effects of population aging and pension reforms in an OLG model with labor market frictions. The most important feature brought about by labor market frictions is the connection between the interest rate and the unemployment rate. Exogenous shocks (such as aging)...

Persistent link: https://www.econbiz.de/10009283379