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Since little attention has been paid to the effects of the regulation of wages on individuals' fertility choice, this paper investigates such effects within a standard OLG model of neoclassical growth. Some new results, so far escaped closer scrutiny by the increasing literature investigating...
Persistent link: https://www.econbiz.de/10005466669
Since little attention, despite a long lasting debate, has been paid to the effects of minimum wages on economic growth and welfare, this paper investigates such effects within a textbook OLG framework with an unemployment insurance scheme financed at balanced budget by the government with a...
Persistent link: https://www.econbiz.de/10005466678
Persistent link: https://www.econbiz.de/10008727636
We analyse the effects of the introduction of a unionised labour market in a simple Diamond's OLG framework. Interesting findings, so far escaped closer scrutiny, emerge. Under some particular conditions about the key parameters of the model, the unionised-wage economy may perform better than...
Persistent link: https://www.econbiz.de/10005769622
Recently Fanti and Gori (2008) showed – in the basic overlapping generations (OLG) model of neoclassical growth with exogenous fertility (Diamond, 1965) – that a positive relationship between longevity and pay-as-you-go (PAYG) pensions may exist independently of the size of the contribution...
Persistent link: https://www.econbiz.de/10005604240
We offer an analysis of the existence of a positive relationship between minimum wages and economic growth in a fairly standard general equilibrium, one-sector, two-period overlapping generations model, where the usual Romer-typed knowledge spill-over mechanism in production represents the...
Persistent link: https://www.econbiz.de/10005604249
Unemployment and population ageing are probably two of the most important concerns in developed countries. Since reforming labour markets is high on the political agenda, a theoretical knowledge of the possible long-run interaction between unemployment and the childcare system may be highly...
Persistent link: https://www.econbiz.de/10005604262
We revisit the study of the dynamics of a duopoly game à la Bertrand with horizontal product differentiation and bounded rational firms analysed by Zhang et al. (2009), (Zhang, J., Da, Q., Wang, Y., 2009. The dynamics of Bertrand model with bounded rationality. Chaos, Solitons and Fractals 39,...
Persistent link: https://www.econbiz.de/10009293635
We analyse the stability issue in a Cournot duopoly with asymmetric unionism and heterogeneous players. We show that labour market institutions matter or the stability of the unique interior Cournot-Nash equilibrium. Interestingly, the role played by the existence of firm-specific unions on...
Persistent link: https://www.econbiz.de/10009321776
We analyse the dynamics of a Cournot duopoly game with heterogeneous players to investigate the effects of micro-founded differentiated products demand. The present analysis, which modifies and extends Zhang et al. (2007) Zhang, J., Da, Q., Wang, Y., 2007. Analysis of nonlinear duopoly game with...
Persistent link: https://www.econbiz.de/10009321777