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standard OLG model with frictional labor markets. Rising longevity and decreasing fertility both induce a rise in the …
Persistent link: https://www.econbiz.de/10011298729
-regional OLG-CGE model for Scotland, the rest of the UK (RUK) and the rest of the World (ROW). The model is used to evaluate the …
Persistent link: https://www.econbiz.de/10011399913
distortionary the tax system is. In an OLG model with majority voting, we analyze how the choices of mitigation and adaptation are …
Persistent link: https://www.econbiz.de/10011431258
What is the effect of non-tradeable idiosyncratic risk on asset-market risk premiums? Constantinides and Duffie (1996) and Mankiw (1986) have shown that risk premiums will increase if the idiosyncratic shocks become more volatile during economic contractions. We add two important ingredients to...
Persistent link: https://www.econbiz.de/10009441309
The paper discusses the importance of decreasing mortality in explaining demographic change over the last century. A two-sex overlapping generations model is used where care both for children and the elderly is modeled. Assuming that the main costs of care are tied to time use (and thereby...
Persistent link: https://www.econbiz.de/10011968148
appropriate remedy and little action. In this paper, I present a comprehensive OLG model tailored for simulation of pension …
Persistent link: https://www.econbiz.de/10011787304
Equilibrium (OLG-CGE) model with detailed representation of individuals of different ages, educational attainment and occupations …
Persistent link: https://www.econbiz.de/10012063500
notes on growth models with overlapping generations (OLG) structure …
Persistent link: https://www.econbiz.de/10011595337
This paper investigates the role of productivity as a determinant of the worker's retirement intentions. Using an overlapping generation framework, we analyze the retirement decision of a cohort of workers being ability heterogeneous. The labor market is endogenously segmented between workers...
Persistent link: https://www.econbiz.de/10011603324
Incluye bibliografía ; Este documento estudia la dinámica de los precios de las acciones en un modelo tipo «árbol de Lucas» en el que los inversores tienen vidas finitas y aprenden de su propia experiencia. Los individuos actualizan sus expectativas mediante aprendizaje bayesiano basado en...
Persistent link: https://www.econbiz.de/10012530357