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Factor income distribution and endogenous economic growth : when Piketty meets Romer
Irmen, Andreas; Tabaković, Amer - 2016
We scrutinize Thomas Piketty's (2014) theory concerning the relationship between an economy's long-run growth rate, its … of Piketty's Second Fundamental Law of Capitalism does not hold. In line with Piketty's theory a smaller long-run growth …, both the economy's savings rate and its growth rate are endogenous variables whereas in Piketty's theory they are both …
Persistent link: https://www.econbiz.de/10011568791
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Endogenous task-based technical change : factor scarcity and factor prices
Irmen, Andreas - 2020
This paper develops a static model of endogenous task-based technical progress to study how factor scarcity induces technological progress and changes in factor prices. The equilibrium technology is multi-dimensional and not strongly factor-saving in the sense of Acemoglu (2010). Nevertheless,...
Persistent link: https://www.econbiz.de/10012200235
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Factor income distribution and endogenous economic growth : when Piketty meets Romer
Irmen, Andreas; Tabakovic, Amer - 2016
Persistent link: https://www.econbiz.de/10011853082
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Trade union objectives and economic growth
Irmen, Andreas; Wigger, Berthold U. - 2001
A trade union whose purpose is to raise wages above the competitive level may foster economic growth if it succeeds in shifting income away from the owners of capital to the workers and if the workers' marginal propensity to save exceeds the one of capitalists. We make this point in an...
Persistent link: https://www.econbiz.de/10011399719
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Population, pensions and endogenous economic growth
Heer, Burkhard; Irmen, Andreas - 2009
Persistent link: https://www.econbiz.de/10003813579
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Population, pensions, and endogenous economic growth
Heer, Burkhard (contributor); Irmen, Andreas (contributor) - 2008
We study the effect of a declining labor force on the incentives to engage in labor-saving technical change and ask how this effect is influenced by institutional characteristics of the pension scheme. When labor is scarcer it becomes more expensive and innovation investments that increase labor...
Persistent link: https://www.econbiz.de/10003791799
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Population, pensions, and endogenous economic growth
Heer, Burkhard; Irmen, Andreas - In: Journal of economic dynamics & control 46 (2014), pp. 50-72
Persistent link: https://www.econbiz.de/10010474407
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On the long-run evolution of technological knowledge
Hakenes, Hendrik; Irmen, Andreas - 2005
This paper revisits the debate about the appropriate differential equation that governs the evolution of knowledge in models of endogenous growth. We argue that the assessment of the appropriateness of an equation of motion should not only be based on its implications for the future, but that it...
Persistent link: https://www.econbiz.de/10003116566
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Population, pensions, and endogenous economic growth
Heer, Burkhard; Irmen, Andreas - 2008 - This Version: November 16, 2008
We study the effect of a declining labor force on the incentives to engage in labor-saving technical change and ask how this effect is influenced by institutional characteristics of the pension scheme. When labor is scarcer it becomes more expensive and innovation investments that increase labor...
Persistent link: https://www.econbiz.de/10003779148
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The supply of hours worked and fluctuations between growth regimes
Iong, Ka-Kit; Irmen, Andreas - In: Journal of economic theory 194 (2021), pp. 1-35
Persistent link: https://www.econbiz.de/10012807307