Narrow search
Showing 1 - 10 of 8,654
Cover Image
Pensions and fertility: in search of a link
Gahvari, Firouz - In: International Tax and Public Finance 16 (2009) 4, pp. 418-442
In overlapping generations models with endogenous fertility wherein the retired partake of consumption but do not contribute to production (through their labor), fertility has a positive and a negative externality. These can be internalized through a child allowance (or tax) or a linkage between...
Persistent link: https://www.econbiz.de/10010865740
Cover Image
On sustainable pay as you go systems
Demange, Gabrielle - HAL - 2005
An unfunded Social Security system faces the major risk, sometimes referred to as "political risk", that future generations modify or even suppress the contributions. In order to account properly for this risk, the paper considers a political process in which the support to the system is asked...
Persistent link: https://www.econbiz.de/10010739137
Cover Image
On Sustainable Pay-As-You-Go Systems
Demange, Gabrielle - C.E.P.R. Discussion Papers - 2005
An unfunded Social Security system faces a major risk, sometimes referred to as ‘political risk’. In order to account properly for this risk, the paper considers a political process in which the support to the system is asked from each newborn generation. The analysis is conducted in an...
Persistent link: https://www.econbiz.de/10005666926
Cover Image
On Rational Exuberance
Bosi, Stefano; Seegmuller, Thomas - HAL - 2009
) bubbles can arise. From a normative point of view, monetary policies that are not too expansive, are recommended in order to …
Persistent link: https://www.econbiz.de/10010738685
Cover Image
On rational exuberance.
Bosi, Stefano; Seegmuller, Thomas - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2009
) bubbles can arise. From a normative point of view, monetary policies that are not too expansive, are recommended in order to …
Persistent link: https://www.econbiz.de/10005012503
Cover Image
Equilibrium asset prices and bubbles in a continuous time OLG model
Brito, Paulo - Volkswirtschaftliche Fakultät, … - 2008
asset prices. For a simple distribution, we prove that bubbles may exist, and derive conditions for ruling them out. …
Persistent link: https://www.econbiz.de/10005619429
Cover Image
Growth effect of bubbles in a non-scale endogenous growth model with in-house R&D
Takao, Kizuku - Graduate School of Economics, Osaka University - 2014
This paper provides a theoretical explanation for why the presence of asset bubbles can lead to higher economic growth … firms also enter into the market. Due to an absence of intergenerational altruism, asset bubbles can exist as pyramid … schemes whose value is not backed by fundamental value. The presence of asset bubbles then leads to higher interest rates …
Persistent link: https://www.econbiz.de/10010837100
Cover Image
The Optimal Babel - An Economic Framework for the Analysis of Dynamic Language Rights
Wickström, Bengt-Arne - CESifo - 2010
We analyze various normatively determined distributions of language rights in multilingual settings. A general model for the analysis of language rights over time in a model with overlapping generations is set up. This model is then first used to find efficient allocations of rights in the...
Persistent link: https://www.econbiz.de/10008572524
Cover Image
An Interview with Paul A. Samuelson
Barnett, William - Department of Economics, University of Kansas - 2004
It is customary for the Interviewer to begin with an introduction describing the circumstances of the interview and providing an overview of the nature and importance of the work of the interviewee. However, in this case, as Editor of this journal, I feel it would be presumptuous of me to...
Persistent link: https://www.econbiz.de/10005115543
Cover Image
Deep habits and the macroeconomic effects of government debt
Aloui, Rym - Deutsche Bundesbank - 2010
In this paper, we study the effects of government debt on macroeconomic aggregates in a non-Ricardian framework. We develop a micro-founded framework which combines time-varying markups, endogenous labor supply and overlapping generations based on infinitely-lived families. The main contribution...
Persistent link: https://www.econbiz.de/10008756423