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Unemployment, Factor Substitution and Capital Formation

Kaas, Leo; Thadden, Leopold von - 2003

We incorporate a wage-bargaining structure in a dynamic general equilibrium model and show how this feature changes short- and long-run properties of equilibria compared with a perfectly competitive setting.We discuss how employment, capital and income shares respond to wage-setting shocks and...

Persistent link: https://www.econbiz.de/10009471681

14.452 Economic Growth, Fall 2008

Acemoglu, Daron - 2008

Description This half semester class presents an introduction to macroeconomic modeling, focusing on the theory of economic growth …

Persistent link: https://www.econbiz.de/10009432111

Savings, Investment and Growth in India: An Application of the ARDL Bounds Testing Approach

Verma, R. - 2007

This paper considers savings, investment and economic growth for India using annual time series data for the period …-Weil hypothesis; the study also finds that saving unambiguously determines investment in both the short and long runs. No evidence is … found to support the commonly accepted growth models in India, that investment is the engine of economic growth. …

Persistent link: https://www.econbiz.de/10009457634

14.661 Labor Economics I, Fall 2006

Pischke, Jorn-Steffen; Angrist, Joshua - 2006

Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply …, immigration, unemployment, equalizing differences, and institutions in the labor market. There is particular emphasis on the …

Persistent link: https://www.econbiz.de/10009432547

Health and Growth: Causality through Education

Huang, Rui; Fulginiti, Lilyan E.; Peterson, E. Wesley F. - 2009

A three-period overlapping-generations model is developed to investigate the impact on human capital investment … probability of premature death leads to less investment in human capital, and consequently slower growth. We also empirically …

Persistent link: https://www.econbiz.de/10009444818

Money and Growth in a Production Economy with Multiple Assets

Kaas, Leo; Weinrich, Gerd - 2003

capital investment and growth. …

Persistent link: https://www.econbiz.de/10009471679

Productive government spending, growth, and sequential voting

Kaas, Leo - 2003

This paper considers an endogenous growth model with productive government spending in which overlapping generations of agents vote sequentially on policy. With sequential majority voting, there is a multiplicity of politico-economic equilibria originating from self-fulfilling policy...

Persistent link: https://www.econbiz.de/10009471682

Intergenerational Discounting: A new Approach

Bayer, Stefan; Cansier, Dieter - 1998

In this paper, we analyze how to utilize discount rates in intergenerational projects. Firstly, neoclassical decision-making is depicted in Ramsey and overlapping-generations models (OLG-models). Afterwards we investigate the utilization of time preference rates and opportunity cost rates in an...

Persistent link: https://www.econbiz.de/10009475344

Financial Markets, Financial Intermediation, and Bailout Policy

Vinogradov, Dmitri V. - 2006

The 1980s and 1990s have been marked with a series of financial and banking crises all over the world. This turned the attention of economists to such questions as how a financial system should be structured in order to reduce the vulnerability of an economy to the risk of a crisis, or what...

Persistent link: https://www.econbiz.de/10009476251

Pollution perception. An inquiry into intergenerational equity

Schuhmacher, Ingmar; Zou, Benteng - 2005

In this article we extend the recent literature on overlapping generations with a pollution sector by allowing generations to have a certain pollution perception with regards to the stock of pollution. Pollution perception, assumed to be part of the generations' preferences, can be either a...

Persistent link: https://www.econbiz.de/10009452479

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