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Stabilizing Endogenous Fluctuations with Fiscal Policies: Global Analysis on Piecewise Continuous Dynamical Systems

Augeraud-Veron, E.; Augier, L. - In: Studies in Nonlinear Dynamics & Econometrics 5 (2001) 1

This paper considers a one-sector overlapping-generations model with production. We observe that under standard assumptions on preferences and technology, the perfect-foresight equilibrium violates positivity constraints for large sets of initial conditions. The consideration of the positivity...

Persistent link: https://www.econbiz.de/10014620842

Intergenerational Habits, Fiscal Policy, and Welfare

Velculescu, Delia - In: Contributions in Macroeconomics 4 (2004) 1

Abstract The present paper explores the fiscal policy implications of intergenerational habit formation in a Blanchard overlapping generations small open economy model. Three main conclusions emerge. (1) When individuals are finitely lived and have habits which they pass on to their descendants,...

Persistent link: https://www.econbiz.de/10014588360

Age Bias in Fiscal Policy: Why Does the Political Process Favor the Elderly?

Slavov, Sita Nataraj - In: Topics in Theoretical Economics 6 (2006) 1

Across countries, government expenditures tend to favor the elderly. This paper provides a political economy explanation for this phenomenon. I consider the classic problem of dividing a fixed payoff in an overlapping generations setting. Any share of the payoff can be given to any generation....

Persistent link: https://www.econbiz.de/10014589082

Rat Races and Glass Ceilings

Bardsley, Peter; Sherstyuk, Katerina - In: Topics in Theoretical Economics 6 (2006) 1

In an ongoing organization, such as a large law partnership firm, employees are motivated not only by current rewards but also by the prospect of promotion, and the opportunity to make the rules in the future. This leads to a recursive contract design problem in an overlapping generations...

Persistent link: https://www.econbiz.de/10014589086

On the Use of Projection Methods in the Computation of OLG Models / Zur Berechnung von OLG-Modellen mit Hilfe von Projektionsmethoden

Heer, Burkhard; Trede, Mark - In: Jahrbücher für Nationalökonomie und Statistik 220 (2000) 1, pp. 32-47

Summary We compare projection methods with the standard value function grid algorithm in order to solve overlapping generations models. We apply the methods to a particular 60-period OLG model with elastic labor supply in order to study the effects of unfunded public pensions on aggregate...

Persistent link: https://www.econbiz.de/10014608749

Superneutrality of Money under Open Market Operations

Homburg, Stefan - In: Review of Economics 66 (2015) 3, pp. 289-302

Abstract Monetary policy is superneutral in an overlapping generations model. Previous authors have argued that superneutrality does not hold in such a setting. However, the standard results rely on the counter-factual premise of helicopter money and are overturned if money creation through open...

Persistent link: https://www.econbiz.de/10014619326

Population projection of Oman: implications for future development

Kabir, M.; Rahman, M.S. - In: Education, Business and Society: Contemporary Middle … 5 (2012) 3, pp. 163-170

. The base life expectancy of Oman is assumed to be 73 years and the base total fertility considered as 5.1 children per … woman. Findings – Depending upon the achievement of replacement fertility by the year 2025 or 2030 or 2035 the population of … assumptions about mortality, fertility, base life expectancy and migration. If these assumptions change then the projections will …

Persistent link: https://www.econbiz.de/10014714816

Explaining the decline in fertility among citizens of the GCC countries: the case of the UAE

Al Awad, Mouawiya; Chartouni, Carole - In: Education, Business and Society: Contemporary Middle … 7 (2014) 2/3, pp. 82-97

Purpose – This paper aims to examine certain factors that have contributed to the decline in fertility in the countries …/methodology/approach – Using data from the 2008 UAE Household Expenditure Survey, this paper analyzes the determinants of fertility using a Poisson … fertility count model. Findings – The results show that economic factors, in terms of the costs and benefits that families …

Persistent link: https://www.econbiz.de/10014714857

Does Increased Abortion Lead to Lower Crime? Evaluating the Relationship between Crime, Abortion, and Fertility

Sen, Anindya - In: The B.E. Journal of Economic Analysis & Policy 7 (2007) 1

fertility rates during the 1960s and 1970s is responsible for more than half of the decline in violent crime rates witnessed …

Persistent link: https://www.econbiz.de/10014587599

Celebrating 150 Years of Analyzing Fertility Trends in Germany

Kendzia, Michael J.; Zimmermann, Klaus F. - In: Jahrbücher für Nationalökonomie und Statistik 233 (2013) 3, pp. 406-422

prominently in the Journal. Fertility naturally plays an important role in population economics. However, the level of German … fertility has decreased significantly from the 1900s. The paper documents and analyzes the long-termdevelopment trends ….We identify three different explanatory approaches for the decline in fertility according to which the various articles of the …

Persistent link: https://www.econbiz.de/10014609450