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Heterogeneous bequests and social inequalities

Borissov, Kirill; Bosi, Stefano; Thai Ha Huy; Pakhnin, … - 2023

We study a growth model with two types of agents who are heterogeneous in their degree of family altruism. We prove … linking economic growth and income inequality. …

Persistent link: https://www.econbiz.de/10014384038

Population structure and consumption growth : evidence from National Transfer Accounts

Kuhn, Michael; Prettner, Klaus - 2015

We assess the impact of population structure on economic growth. Following recent research, we focus on the … generational turnover as a key driver of consumption growth. We characterize the impact of the average birth and death rates on the … the sign and magnitude of generational turnover and its impact on consumption growth. We find considerable cross …

Persistent link: https://www.econbiz.de/10010477584

Heterogeneous Bequests and Social Inequalities

Borissov, Kirill; Bosi, Stefano; Ha-Huy, Thai; Pakhnin, … - 2023

We study a growth model with two types of agents who are heterogeneous in their degree of family altruism. We prove … linking economic growth and income inequality. …

Persistent link: https://www.econbiz.de/10014469860

Solving consumption models with multiplicative habits

Carroll, Christopher D. - 2000

This paper provides derivations necessary for solving an optimal consumption problem with multiplicative habits and a CRRA 'outer' utility function either for a microeconomic problem with both labor income risk and rate-of-return risk or for a macroeoconomic representative agent model.

Persistent link: https://www.econbiz.de/10010293504

Household wealth as a factor of economic growth : a case study of Italy

Odoardi, Iacopo; Pagliari, Carmen - 2020

mechanism to start “accelerated” growth processes. …

Persistent link: https://www.econbiz.de/10012301673

Decreasing fertility, economic growth and the intergenerational wage gap

Prettner, Klaus; Fürnkranz-Prskawetz, Alexia - 2009

Persistent low fertility rates lead to lower population growth rates and eventually also to decreasing population sizes … context of neoclassical growth models, augmented with endogenous fertility decisions and endogenous educational decisions …

Persistent link: https://www.econbiz.de/10003890403

Growth effects of consumption jealousy in a two-sector model

Duernecker, Georg - 2007

induces agents to devote more time to education which stimulates human capital accumulation and hence promotes economic growth. …

Persistent link: https://www.econbiz.de/10010294033

Comparing consumption: a curse or a blessing?

Strulik, Holger - 2008

Does it make us unhappier when we compare our current consumption with that of the Joneses or our own past achievements? This paper tries an answer without recurring on interpersonal utility comparisons. It calibrates an economy under three different assumptions, non-comparing utility, and...

Persistent link: https://www.econbiz.de/10010264934

Household wealth as a factor of economic growth: A case study of Italy

Odoardi, Iacopo; Pagliari, Carmen - In: Contemporary Economics 14 (2020) 3, pp. 337-353

mechanism to start 'accelerated' growth processes. …

Persistent link: https://www.econbiz.de/10014544568

Conspicuous consumption, economic growth, and taxation: A generalization

Fisher, Walter H.; Hof, Franz X. - 1999

This paper studies the influence of consumption externalities in the Ramsey model. In contrast to the recent literature, a quite general specification of preferences is used and the concept of the effective intertemporal elasticity of substitution is introduced. We give conditions for the...

Persistent link: https://www.econbiz.de/10010291908