This paper suggests a demand side analysis of informal employment characterised by incompliances with labour tax regulation using a general equilibrium model with overlapping generations. A public social insurance provide benefits to formal employees in retirement, while we allow for an informal...

The model presents the dynamics and the equilibrium of an overlapping generation economy when there is informal employment, a pension system and altruistic agents. The model inspires from stylised facts on developing and Euro-Mediteranean countries where family plays a central role in risk...

This paper uses a general equilibrium model of a small open economy to explore the implications of different public expenditure policies. We allow for three types of public expenditures, government can invest in public capital stock thereby making production enhancing public expenditures, make...

The model presents the dynamics and the equilibrium of an overlapping generation economy when there is informal employment, a pension system and altruistic agents. The model inspires from stylised facts on developping and Euro-Mediteranean countries where family plays a central role in risk...

This paper provides an analytical model to study the co-evolution of trust and trustworthiness in a game-theoretic framework. Trust reflects an agent’s belief that other agents cooperate in a two-stage prisoner’s dilemma game. Altruist agents receive a utility from their opponents’...

This paper analyses the pension system in Turkey using Computable General Equilibrium (CGE) and Overlapping Generations Models (OLG). The objective of the paper is to evaluate the effects of current pension policies on the macroeconomic aggregates when a segmented and asymmetric labor market is...