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The Welfare Effects of Liquidity Constraints
Jappelli, Tullio; Pagano, Marco - 2008
We analyze the welfare implications of liquidity constraints for households in an overlapping generations model with … growth. In a closed economy with exogenous technical progress, liquidity constraints reduce welfare if the economy is …
Persistent link: https://www.econbiz.de/10014206582
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Does the selfish life-cycle model apply in the case of Japan?
Horioka, Charles - 2020
prevalence of bequests, bequest motives, tests of altruism, and the importance of borrowing (liquidity) constraints and show that …
Persistent link: https://www.econbiz.de/10012195738
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Evaluating welfare and economic effects of raised fertility
Makarski, Krzysztof; Tyrowicz, Joanna; Malec, Magda - 2019
Many countries consider rising fertility through pro-family policies as a solution to the fiscal pressure stemming from longevity. However, an increased number of births implies immediate private costs and only delayed public benefits of younger and larger population. We propose using an...
Persistent link: https://www.econbiz.de/10011993212
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Evaluating welfare and economic effects of raised fertility
Makarski, Krzysztof; Tyrowicz, Joanna; Malec, Magda - 2019
Many countries consider rising fertility through pro-family policies as a solution to the fiscal pressure stemming from longevity. However, an increased number of births implies immediate private costs and only delayed public benefits of younger and larger population. We propose using an...
Persistent link: https://www.econbiz.de/10011997755
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Savings, Growth and Capital Markets Imperfections : The Case of Borrowing Constraints
de Gregorio, Jose - 2006
This paper studies the effects that borrowing constraints have on savings and growth and argues that, though they … increase savings, their effect on growth is ambiguous. Empirical evidence on the extent of borrowing constraints as well as … savings, investment, human capital accumulation and growth performance for industrialized countries is presented. A simple …
Persistent link: https://www.econbiz.de/10012781729
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On sustainability and social welfare
Fleurbaey, Marc - In: Journal of environmental economics and management : … 71 (2015), pp. 34-53
Persistent link: https://www.econbiz.de/10011576718
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Credit and saving constraints in general equilibrium : evidence from survey data
Granda Carvajal, Catalina; Hamann S., Franz A.; Tamayo, … - 2017
In this paper, we build a heterogeneous agents-dynamic general equilibrium model wherein saving constraints interact with credit constraints. Saving constraints in the form of fixed costs to use the financial system lead households to seek informal saving instruments (cash) and result in lower...
Persistent link: https://www.econbiz.de/10011656466
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The welfare effects of liquidity constraints
Jappelli, Tullio; Pagano, Marco - In: Oxford economic papers 51 (1999) 3, pp. 410-430
Persistent link: https://www.econbiz.de/10001426109
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The welfare effects of liquidity constraints
Jappelli, Tullio; Pagano, Marco - 1995
Persistent link: https://www.econbiz.de/10013421989
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Population growth, saving, interest rates and stagnation : discussing the Eggertsson-Mehrotra model
Spahn, Peter - 2016
Post Keynesian stagnation theory argues that slower population growth dampens consumption and investment. A New …
Persistent link: https://www.econbiz.de/10011575978