OLG model
An OLG model of growth with longevity: when grandparents take care of grandchildren
... The aim of this paper is to investigate how the existence of an exogenous provision of grandparental child care activity inside the home affects the relationship between longevity and long-run economic growth. To this ...
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Population Ageing and Capital Accumulation: A Simple OLG Model with PAYGO Pensions
... The literature considering population ageing and macroeconomic implications is vast and characterized by many different approaches. Cutler et al. [3] applies a Ramsey-Cass-Koopmans growth model and studies op- ...
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Child Benefit and Fiscal Burden: OLG Model with Endogenous Fertility
... our model. The model used here is a computable general-equilibrium OLG model with perfect foresight agents, multiple periods, and endogenous fertil- ...our model, there is a ...
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Population ageing and prices in an OLG model with money created by credits
... Developing our model with money created by credits, we take an OLG model introduced by Samuelson as a starting point (Samuelson 1958). Samuelson analysed an intergenerational trade in a three-periods ...
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Child Benefit and Fiscal Burden: OLG Model with Endogenous Fertility
... our model. The model used here is a computable general-equilibrium OLG model with perfect foresight agents, multiple periods, and endogenous ...our model, there is a representative ...
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On the Implications of Two way Altruism in Human Capital Based OLG Model
... human-capital-based OLG model of Ehrlich and Lui (1991) and Ehrlich and Kim (2007) with application of a modified, fertility-endogenized definition of linearly separable two-way altruism examined by Abel ...
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Investor behavior and volatility of futures market: A theory and empirical study based on the OLG model
... types of securities are traded, and the highly volatile equilibrium has unique characteristics compared with other types of equilibriums. Based on Spiegel’s (1998) model, Mashiro (2008) built a more complicated ...
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Complex dynamics in an OLG model of growth with inherited tastes
... an OLG model with aspirations there exists a super-critical Neimark-Sacker bifurcation, 2) endogenous fluctuations occur even when the elasticity of substitution of effective consumption is smaller than ...
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Complex equilibrium dynamics in a simple OLG model of neoclassical growth with endogenous retirement age and public pensions
... Diamond’s model is extended with the three assumptions above mentioned, the equilibrium dynamics may be ...one-dimensional model with Cobb-Douglas utility and production functions, which a rather rare ...
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Capital taxation in a simple finite horizon OLG model
... Our view is that a proper examination of the capital taxation hypothesis requires several tests. First, the model must be intertemporal and have some second-best feature in order that commodity taxes are part of ...
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Equilibrium asset prices and bubbles in a continuous time OLG model
... our OLG AD economy there is a well know consistency problem, between the simultaneity of the operation of the forward markets and the need for agents to contract for all delivery of goods on all future moments ...
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The Effects of One-Child Policy on the Economy and the Environment in an OLG Framework
... We use a three generations OLG model of Diamond [28] , where we make the simplifying assumption that an individual has a neutral gender and can give birth to children. With this assumption we avoid the ...
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Public expenditure on health and private old age insurance in an OLG growth model with endogenous fertility: chaotic cycles under perfect foresight
... The aim of this paper is to study the interrelationship between the size of the intra-family transfer and endogenous longevity on (i) capital accumulation and economic growth, and (ii) the stability of the economy. To ...
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Finite Horizon, Externalities, and Growth
... Second, growth rates along the transition paths always differ between a de- centralized economy and the ones in a command optimum. Whether this difference is positive or negative depends on the nature of the consumption ...
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Endogenous income taxes in OLG economies: A clarification
... their model and investigate how government expenditure …nanced by capital income taxes in‡uences local dynamics near the normalized steady state in the very same OLG ...
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OLG life cycle model transition paths: alternate model forecast method
... (OLG) model is an important framework for analyzing any type of question in which age cohorts are affected dif- ferently by exogenous ...in OLG life cycle models that is new to this class of ...
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Nonlinear dynamics in an OLG growth model with young and old age labour supply: the role of public health expenditure
... Abstract This paper analyses the dynamics of a two-dimensional overlapping generations model with young and old age labour supply. It is shown that the public provision of health investments, which, in turn, ...
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PAYG pensions and economic cycles
... that OLG economies with myopic expectations and elasticity of substitution in the production and in the utility functions relatively low and high, respectively, may show cyclical (and even chaotic) dynamics, in ...
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A two sector OLG economy: economic growth and demographic behaviour
... sector model by considering fertility as a choice variable determined by individuals, in line with the approach of the home economics (Becker, 1960; Eckstein and Wolpin; 1985; Galor and Weil, ...
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Anti-inflammatory effects of olanexidine gluconate on oral epithelial cells
... The 0.1% OLG formulation (Fig. 1) was composed of the solubilizing agent, polyoxyethylene polyoxypropylene gly- col (POEPOPG), and the active ingredient olanexidine, and was prepared by Otsuka Pharmaceutical ...
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