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The Modigliani puzzle revisited : a note
Katsimē, Margarita; Gylfi Zoega - 2017
We estimate the relationship between investment and unemployment in order to explore whether the medium … up, both employment and investment fell although the estimated coefficient of investment is slightly smaller when the …
Persistent link: https://www.econbiz.de/10011782019
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Age distributions and the current account : a changing relation?
Lindh, Thomas; Malmberg, Bo - 1999
. 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 …
Persistent link: https://www.econbiz.de/10011585915
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China's Labor Market in the 'New Normal'
Lam, W. Raphael - 2015
As China implements reforms under the “new normal,” maintaining stability in the labor market is a priority. The country's demography and labor dynamics are changing, after benefitting in past decades from ample cheap labor. So far, the labor market appears to be resilient, even as growth...
Persistent link: https://www.econbiz.de/10013016606
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Capital Accumulation, Labour Market Institutions, and Unemployment in the Medium Run
Stockhammer, Engelbert; Klaer, Erik - 2009
According to the mainstream view, labour market institutions (LMI) are the key determinants of unemployment in the … insufficient capital accumulation responsible for unemployment (Arestis et al 2007). Empirical work in this tradition has paid … capital accumulation as a macroeconomic shock. In the empirical analysis, medium-term unemployment is explained by capital …
Persistent link: https://www.econbiz.de/10014206776
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On the aggregate effects of immigration in Spain
Izquierdo, Mario; Jimeno, Juan F.; Rojas, Juan A. - In: SERIEs : Journal of the Spanish Economic Association 1 (2010) 4, pp. 409-432
investment over GDP, a substantial deterioration in the current account balance and an improvement in the finances of the social …
Persistent link: https://www.econbiz.de/10009355899
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Families in macroeconomics
Doepke, Matthias; Tertilt, Michele - 2016
Much of macroeconomics is concerned with the allocation of physical capital, human capital, and labor over time and across people. The decisions on savings, education, and labor supply that generate these variables are made within families. Yet the family (and decision-making in families) is...
Persistent link: https://www.econbiz.de/10011454407
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Reform and Backlash to Reform : Effects of Ageing and Retirement Policy
Hougaard Jensen, Svend E. - 2010
Using a stochastic general equilibrium model with overlapping generations, this paper studies (i) the effects on both extensive and intensive labour supply responses to changes in fertility rates, and (ii) the potential of a retirement reform to mitigate the effects of fertility changes on...
Persistent link: https://www.econbiz.de/10013136598
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The Modigliani Puzzle Revisited : A Note
Katsimi, Margarita - 2018
We estimate the relationship between investment and unemployment in order to explore whether the medium … up, both employment and investment fell although the estimated coefficient of investment is slightly smaller when the …
Persistent link: https://www.econbiz.de/10012926561
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Social Security Mechanisms : Theories, Design and Practice
Nwaobi, Godwin Chukwudum - 2008
Living through hunger and physical hardship from infancy to premature old age; living through economic shifts that close factories and strip currency of its value in an instant; living through social turmoil, political upheaval, and war; through it all, poor men and women in communities around...
Persistent link: https://www.econbiz.de/10012722487
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The Impact of Projected Demographic Developments on Funded Pension Provision in Austria
Schmitz, Stefan W. - 2007
savings and the demand for capital by the corporate sector (net investment) both need to be integrated into the empirical and … hand, decreasing future net savings relative to net investment partly exert upward pressure on the long-term real interest …
Persistent link: https://www.econbiz.de/10012730417