Target Saving In An Overlapping Generations Model [PDF]
We examine a model in which the utility function has been engineered so that it is optimal for consumers to aim for a fixed target level of retirement resources.
Ashok S. Guha, Brishti Guha
core +7 more sources
An Overlapping Generations Model of Electoral Competition [PDF]
This paper presents a dynamic model of political competition between two "parties" with different policy preferences. A "party" is explicitly modeled as a sequence of overlapping generations of candidates, all of whom face finite decision horizons.
Alberto Alesina, Stephen E. Spear
core +5 more sources
An Overlapping Generations Model Core Equivalence Theorem [PDF]
The classical Debreu-Scarf core equivalence theorem asserts that in an exchange economy with a finite number of agents art allocation (under certain conditions) is a Walrasian equilibrium if and only if it belongs to the core of every replica of the ...
Aliprantis, Charalambos D. +1 more
core +4 more sources
OUTWARD HABITS AND ENVIRONMENTAL QUALITY IN AN OVERLAPPING GENERATIONS MODEL [PDF]
Outward habit formation affects consumption decisions. Since consumption displays a negative environmental externality, outward habits has as well an (adverse) effect on the environment.
Fatma Safi
doaj +1 more source
Simulating the Effect of Population Aging and Government Policies on Economic Growth in the Context of an Overlapping Generation Model [PDF]
In this paper, the effect of population aging on economic growth in a closed economy in which the element of human capital is endogenously formed is simulated.
Mohaddeseh Saberi +4 more
doaj +1 more source
Complementary funded pensions and economic growth: Theoretical and empirical evidence using an overlapping generations model applied to the case of Tunisia [PDF]
This paper presents a prospective analysis to guide effective pension reform. Using an overlapping generations model with differing returns on free savings and compulsory returns on funded pensions, we put into perspective the results largely ...
Chekki Cherni Houyem
doaj +1 more source
Negative Real Balance Effects in the Presence of Involuntary Unemployment
We examine positive or negative real balance effect (or so-called Pigou effect) by falls in the nominal wage rate and the prices of the goods in situations where there is involuntary unemployment using a three-generations overlapping generations model ...
Yasuhito Tanaka
doaj +1 more source
Macroeconomic and generational impacts of fiscal devaluation: an application for the Brazilian case
Tax devaluation typically involves the reduction of social security contributions on the payroll with the increase of tax on consumption. This study evaluates the impact of fiscal devaluation in Brazil on consumption, capital, output and income ...
Carlos Eduardo de Freitas +1 more
doaj +1 more source
Education financing and growth using an overlapping generations model: A theoretical perspective [PDF]
This paper proposes an overlapping generations model along the lines of the papers by Glomm and Ravikumar (1997). Its aim is to provide a theoretical extension in which we establish, in an original framework, a comparison of public and private ...
Ayed Zambaa Alleiddine, Ben Hassen Lobna
doaj +1 more source
The Effect of Redistributive Policies on Saving and Capital Accumulation: An Overlapping Generations Approach [PDF]
Justice is known as one of the most important principles of any economic system and pursuing other objectives such as efficiency and economic growth should go along with achieving justice. In Islamic economics, redistributive justice as a kind of justice
Seyyed Ehsan Khandoozi +3 more
doaj +1 more source

