overlapping generations (OLG)
Consumption Externalities and Capital Accumulation in an Overlapping Generations Economy
... This paper has extended the standard OLG model of capital accumulation by introducing consumption externalities. By using a model with simple functional forms, we have shown that the presence of consumption external ...
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Altruistic Overlapping Generations of Households and the Contribution of Human Capital to Economic Growth
... Lucas Jr (1988) advocated the modeling of home education arguing that ”human capital accumulation is a social activity, involving groups of people”. In modeling households’ decision to invest in education, one of the ...
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Equilibrium price dynamics in an overlapping generations exchange economy
... Overlapping generations (OLG) models consider economies with several cohorts (Samuelson (1958) and Diamond (1965)). They are general macroe- conomic equilibrium models, where the equilibrium is determined ...
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An Overlapping Generations Model of Firm Heterogeneity in Economic Development
... We study firm heterogeneity in economic development in an overlapping-generations general equilibrium model in which manufacturing firms engage in oligopolistic competition. Individuals differ in their ...
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Union Influence on Wage and Change in Employment Rate in an Overlapping Generations Economy
... Let us consider an overlapping generations closed economy. We assume that the population does not grow and a new generation is born in each period. The size of the labor force in each period is N . The ...
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Local Determinacy of Prices in an Overlapping Generations Model with Continuous Trading
... In continuous-time, the equilibrium of an overlapping generations economy is the solution of a system of algebraic equations of mixed type. Until now, few studies have proposed an analytical ...
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Asset Bubbles in an Overlapping Generations Model with Endogenous Labor Supply
... This paper examines the e¤ects of asset bubbles in an overlapping generations model with en- dogenous labor supply. We derive a set of conditions under which asset bubbles will lead to an expansion in ...
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Conspicuous Consumption and Overlapping Generations
... an overlapping generations model in which individual utility depends on a weighted av- erage of consumption of ones peers — a “keeping up with the Joneses” consumption ...
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Fertility and PAYG Pensions in an Overlapping Generations Model with Endogenous Retirement
... This paper develops an overlapping generations model with endogenous retirement to examine the effect of fertility on long-run pay-as-you-go (PAYG) pensions. We find that pensions may not necessarily ...
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Strategic interactions and heterogeneity in a overlapping generations model with negative environmental externalities
... Strategic interactions and heterogeneity in a overlapping generations model with negative environmental externalities Antoci, Angelo and Naimzada, Ahmad and Sodini, Mauro University of S[r] ...
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Indeterminacy, bifurcations and chaos in an overlapping generations model with negative environmental externalities
... Indeterminacy, bifurcations and chaos in an overlapping generations model with negative environmental externalities Antoci, Angelo and Sodini, Mauro University of Sassari, University of [r] ...
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Endogenous Growth and Fluctuations in an Overlapping Generations Economy with Credit Market Imperfections
... with overlapping generations models for over twenty ...an overlapping generations economy with a production sector, Farmer (1986), Reichlin (1986), Benhabib and Laroque (1988), and Rochon and ...
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The effects of population aging on optimal redistributive taxes in an overlapping generations model
... The overlapping generations framework en- dogenizes many of the variables that are assumed to be exogenous in a static nonlinear income tax framework, such as the amount of labor in efficiency units ...
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Prediction of Genetic Contributions and Generation Intervals in Populations With Overlapping Generations Under Selection
... A method to predict long-term genetic contributions of ancestors to future generations is studied in detail for a population with overlapping generations under mass or sib index selection. An ...
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Longevity and companionship in an overlapping generations model
... an overlapping-generations model and show that it can justify spending more resources on extending lives than the individuals themselves would have chosen to ...
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Fertility and PAYG pensions in the overlapping generations model
... Abstract This article analyses how long-run pay-as-you-go public pensions react to a change in fertility in the basic overlapping generations model of neoclassical growth. While it would seem well ...
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EXACT INBREEDING COEFFICIENTS IN POPULATIONS WITH OVERLAPPING GENERATIONS
... “The effective sizes of random mating populations of constant size and sex ratio with overlapping generations are equal to the effective sizes of populations with [r] ...
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A Characterization of Inefficiency in Stochastic Overlapping Generations Economies
... of overlapping generations (Samuelson ...that generations act over short hori- zons compared with the infinite horizon of the economy, so that benefits from trade remain unexploited at ...
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A note on nonlinear taxation in an overlapping generations model
... This note has outlined a framework for analysing the optimality of sav- ings taxation in an overlapping generations setting. It was found that saving should be taxed at the margin if and only if high ...
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Macroeconomic Impact of Population Aging in Japan: A Perspective from an Overlapping Generations Model
... Due to a sharp decline in the fertility rate and a rapid increase in longevity, Japan’s population aging is the furthest advanced in the world. In this study we explore the macroeconomic impact of population aging using ...
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