Showing 1 - 10 of 426
This paper investigates the redistributive effects of taxation on occupational choice and growth. We discuss a twoñsector economy in the spirit of Romer (1990). Agents engage in one of two alternative occupations: either selfñemployment in an intermediate goods sector characterized by...
Persistent link: https://www.econbiz.de/10005545311
because their parents guarantee the loan repayment with their income. In an OLG model of economic growth, it is shown how …
Persistent link: https://www.econbiz.de/10005408246
This paper discusses a two-sector neoclassical overlapping generations economy with intermediate and final goods in the spirit of Romer (1990). The risk averse agents engage in one of two alternative occu pations: either firrm-ownership in the intermediate goods sector, char acterized by...
Persistent link: https://www.econbiz.de/10005464692
The paper discusses the importance of decreasing mortality in explaining demographic change over the last century. A two-sex overlapping generations model is used where care both for children and the elderly is modeled. Assuming that the main costs of care are tied to time use (and thereby...
Persistent link: https://www.econbiz.de/10004980622
This paper uses an OLG-CGE model for the UK to illustrate the long-term effect of migration on the economy. We use the …
Persistent link: https://www.econbiz.de/10011135917
This paper presents a uncertain-lifetime overlapping-generations continuous time model for an Arrow-Debreu economy with endogenous fertility, in which age-dependent variables are explicitly introduced. The general equilibrium paths for the discount factor and newborns are derived from a system...
Persistent link: https://www.econbiz.de/10011111835
standard OLG model with frictional labor markets. Rising longevity and decreasing fertility both induce a rise in the …
Persistent link: https://www.econbiz.de/10011161243
In this paper, the incidence of a tax on pure rent is analyzed in an OLG two-sector small open economy, in which one …
Persistent link: https://www.econbiz.de/10011162968
This paper examines the effects on economic growth attributable to government policies of child allowances and educational subsidies. We show that multiple steady states may arise under these two policies, with club convergence occurring, and the initial condition being of relevance, if the tax...
Persistent link: https://www.econbiz.de/10011260054
New evidence suggests that individuals "learn from experience," meaning they learn from events occurring during their own lifetimes as opposed to the entire history of events. Moreover, they weigh more heavily the more recent events compared to events occurring in the more distant past. This...
Persistent link: https://www.econbiz.de/10011083418