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Ageing, government budgets, retirement, and growth
Gonzalez-Eiras, Martín; Niepelt, Dirk - 2011
to demographic ageing and per-capita growth to accelerate. If the retirement age were held constant, the growth rate in …-capita growth. The OLG model captures direct effects, working through adjustments in the savings rate, labor supply, and capital … deepening, and indirect effects, working through changes of taxes, government spending components and the retirement age in …
Persistent link: https://www.econbiz.de/10010274850
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Thankworthy parental altruism and children's habit-formation
Zhang, Lin; Ikeda, Shinsuke - 2013
We propose a model of parental altruism in relation with child habit formation, where children are unaware of their developing habits while young, and become cognizant of them only on growing up. We show that an altruistic mother (i) maintains the amount of income transferred to her child lower...
Persistent link: https://www.econbiz.de/10010201733
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An Integral Equation Representation for Overlapping Generations in Continuous Time
Edmond, Chris - 2008
This paper develops a method for solving for the dynamic general equilibrium of a deterministic continuous time overlapping generations model with a finite-horizon life-cycle. The model has isoelastic preferences and allows for general assumptions about individual endowments and demographics....
Persistent link: https://www.econbiz.de/10012726144
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Welfare Cost of (Low) Inflation : A General Equilibrium Perspective
Zee, Howell H. - 2006
level to close to price stability, using an overlapping-generations growth model. Money demand is modeled on the basis that …
Persistent link: https://www.econbiz.de/10012782195
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Growth with Unintended Bequests
Cipriani, Giam - 2014
In an overlapping generations model with finite lifetimes sustained growth is possible if there is a positive risk of …
Persistent link: https://www.econbiz.de/10013059849
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Property taxes and dynamic inefficiency : a orrection of a "correction"
Hellwig, Martin - 2020
According to Homburg's (2014) comment on Kim and Lee (1997), an ad-valorem property tax on land cannot cause dynamic ineffi ciency of equilibrium allocations in an overlapping-generations model unless the tax is "confiscatory", i.e., equal to or greater than land rents. With such a tax, Homburg...
Persistent link: https://www.econbiz.de/10012242764
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Altruism, Education Subsidy and Growth
Armellini, Mauricio; Basu, Parantap - 2010
the other hand, growth is higher in economies with greater parental altruism. Cross-country regressions using the World …
Persistent link: https://www.econbiz.de/10014193691
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A Theory of Dynamics and Inequalities Under Epidemics
Boucekkine, Raouf; Laffargue, Jean‐Pierre - 2007
We develop a tractable general theory for the study of the economic and demographic impact of epidemics. In particular, we analytically characterise the short and medium term consequences of epidemics for population size, age pyramid, economic performance and income distribution. To this end, we...
Persistent link: https://www.econbiz.de/10014224546
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Speculative Growth : Hints from the U.S. Economy
Caballero, Ricardo J.; Farhi, Emmanuel; Hammour, Mohamad L. - 2004
the sustainability of such an equilibrium is feedback from increased growth to an increase in the supply of effective … the interest rate exceeds the rate of growth of the economy …
Persistent link: https://www.econbiz.de/10014100918
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Continuous-Time Overlapping Generations Models
d'Albis, Hippolyte; Augeraud-Véron, Emmanuelle - 2010
Age structured populations are studied in economics through overlapping generations models. These models allow for a realistic characterization of life-cycle behaviors and display intertemporal equilibrium that are not necessarily efficient. This article uses the latest developments in...
Persistent link: https://www.econbiz.de/10014189158