In an overlapping generations model where the production requires two essential inputs, one of which is non-renewable, say oil, but could be replaced by an everlasting substitute, say solare (the backstop), capital accumulation and fertility decisions emerged from the optimizing behavior of...

We examine the sensitivity of poverty comparisons across countries with dissimilar household needs when equivalence scale parameters are varied. We use a sample of Spanish and British households, using both absolute and relative poverty lines.

Time series of the International Urban Housing Market, whether stationary or not, look highly irregular and yet they are often summarily fitted in linear models for forecasting purposes. This paper investigates the issue of nonlinearity by first extending the power of Range Rescaling analysis to...

This paper studies the impact of family structures and elders' participation status on sectoral labor allocation in developing agricultural economies.

Few studies have examined the dynamics of participation in welfare in Québec and elsewhere in Canada. This paper sheds some light on that important topic, which is crucial for the understanding of the features and of the effects of welfare programmes, and for the analysis of possible reforms....

The recent theorical literature on the political economy of growth displays contrasting findings on the nature of the political link between income inequality and growth. In this paper, we explain this contrast and argue that in a democracy, when redistribution is in the form of government...