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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

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

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

Family Culture and Fertility Outcomes – Evidence from American Siblings

Eschelbach, Martina - In: Jahrbücher für Nationalökonomie und Statistik 235 (2015) 3, pp. 246-267

examining the importance of family specific fertility culture for fertility outcomes. Family specific fertility culture is … defined as systematic component in fertility preferences shared among family members. Using data from the NLSY79, we identify … family culture by comparing preferences of siblings in early adulthood. Relating these preferences to completed fertility …

Persistent link: https://www.econbiz.de/10014609536

Demographic changes and housing demands by scenarios with ASFRs

Lim, Jonghyun; Hyung Lee, Joo - In: International Journal of Housing Markets and Analysis 6 (2013) 3, pp. 317-340

, as well as low fertility and demographic problems caused by aging, by suggesting long‐term policy directions considering … all future possible changes in fertility and housing policies. Design/methodology/approach – This research analyzes age … specific fertility rates by socioeconomic index, composition of three scenarios about the total fertility rate, the forecast of …

Persistent link: https://www.econbiz.de/10014778062