Download or read book Essays on Overlapping Generations written by Markus Kristinn Möller and published by . This book was released on 1992 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays in Overlapping Generations Economies written by Fabrizio Orrego Peche and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Three Essays on Endogenous Fluctuations in Standard Overlapping Generations Models written by Laurent Cellarier and published by . This book was released on 2002 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Three Essays on the Application of the Overlapping Generations Model written by Sichao Wei and published by . This book was released on 2017 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation studies the dynamic relationships between economic growth, the environment, and conflict using overlapping generations models. In chapter 1, I compare pollution permits and green taxes. The model identifies pollution permits as a potential source of multiple equilibria. One nontrivial equilibrium is an environmental poverty trap (EPT) with low capital and a high stock of pollution. An economy operating around the equilibrium will gravitate toward this equilibrium in the long run. The other nontrivial equilibrium is a desirable one with high capital and a low stock of pollution. A saddle path leads to this desirable equilibrium. Alternatively, green taxes produce a unique stable equilibrium that avoids the EPT. My conclusion is that developing countries can continue to consider pollution permits as an efficient mechanism to improve environmental conditions but proceed with caution given the possibility of being drawn into an EPT. In chapter 2, I study the health effects of pollution on the accumulation of physical and human capital. Pollution negatively affects the accumulation of physical and human capital because pollution reduces longevity and the effectiveness of education expenditures. The model can generate rich dynamics in terms of the ratio of physical to human capital and the stock of pollution. One interesting case is that two stable Balanced Growth Paths (BGPs) emerge with a boundary demarcating the two. One BGP is desirable featuring a high growth rate and a low stock of pollution, whereas the other should be avoided because it is associated with a low growth rate and a high stock of pollution. Government policy can steer the economy towards the desirable BGP. Another interesting case is that cycles may emerge causing increased economic and environmental volatility. Government policy to divert more resources for pollution abatement is necessary to eliminate the cycles. In chapter 3, I study two model specifications of repeated contests over a prize. In the first specification, the contests are motivated by non-financial purposes and the conquered prize comes into agent’s utility function. In the second specification, the contests are motivated by financial purposes and the conquered prize comes into the agent’s budget constraint. The model gives rise to rich predictions in terms of economic growth, intensity of conflict, and dispute outcome both in the short run and in the long run. By comparing the two specifications, I conclude that the disputes motivated by non-financial purposes will escalate over time as the economy grows, whereas the disputes motivated by financial purposes may escalate in the short long but stabilize in the long run. By observing the time-series data for economic growth and conflict intensity, international mediators can trace back to the dominating cause of disputes, and thus design appropriate resolutions.

Download or read book Two Essays on International Mometary Economics in an Overlapping Generations Model written by Kim. Kyung-Soo and published by . This book was released on 1984 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Overlapping Generations written by Stephen E. Spear and published by Emerald Group Publishing. This book was released on 2023-09-04 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 800 pound gorilla in the room of macroeconomics is the question of why the overlapping generations model didn’t become the central workhorse model for macroeconomics, as opposed to the neoclassical growth model. The authors here explore the co-evolution of the two models.

Download or read book Two essays on international monetary economics in an overlapping generations model written by Kyung-Soo Kim and published by . This book was released on 1984 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Three Essays about Dynamic Stochastic General Equilibrium Models with Overlapping Generations written by Christian Scharrer and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays in Generational Labor and Development Economics written by Dalal Moosa and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first chapter notes a change in the composition of private intergenerational transfers inFrance over time, from more intrahousehold transfers in the 1980s to more inheritance in thenew millennium. Using a three-period overlapping generations model, we show that a risein wealth inequality can influence the composition of these transfer. However, the share ofintrahousehold transfers in human capital accumulation and the extent of the preference tobequeath can influence this inequality. The second chapter looks at the role of the demographic boom on the prevalence of informal employment, with the context of Egypt. We introduce overlapping generations of heterogeneous education levels in a multi-sectoral model. After calibrating and simulating the model, we show that a temporary demographic boom of better educated workers can have long-run effects on non-formality rates, interacting with output and prices. We contrast this actual dynamic adjustment with counterfactuals, emphasizing the importance of demographics and private sector constraints on non-formality rates. The third chapter examines the heterogeneity of micro and small enterprises (MSEs) inMorocco. These enterprises are grouped into three categories: top performers, potentialgazelles and “others.” The paper finds that top performers tend to do relatively well inall areas examined. Potential gazelles, on the other hand, appear to choose their sectorsof economic activity differently and appear to face particular constraints when it comes toaccess to credit and the ability to link to other businesses. Moreover, while formal firmsappear to exhibit significant heterogeneity, informal firms are less heterogeneous, showing asmall upper echelon that can compete with formal firms, while others are not starkly differentform each other.

Download or read book Essays on Economic Growth and Development from an Intergenerational Perspective written by Kenya Kura and published by . This book was released on 1995 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays on External Shocks and Current Account Dynamics in a Small Open Economy with Overlapping Generations written by Yasuhisa Yamamoto and published by . This book was released on 2004 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays on the Macroeconomics of Development written by Luis A. Rivas and published by . This book was released on 2000 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt: The second chapter studies some aspects of the labor market in developing economies and their effects on physical and human capital accumulation and welfare. In particular, this essay presents an overlapping-generations model which complies with three historical regularities: Child labor declines throughout the accumulation process, its incidence depends on technological parameters, and the economy does not necessarily converge to a steady state equilibrium with no child labor. The model is then used to study the effect of introducing a compulsory schooling law. It is shown that the introduction of such policy may, under certain conditions, lead to lower welfare.

Download or read book Essays in Honor of Kenneth J Arrow Volume 2 Equilibrium Analysis written by Kenneth Joseph Arrow and published by Cambridge University Press. This book was released on 1986-07-25 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second volume of economic theory is divided into sections on general equilibrium and on the microfoundations of macroeconomics.

Download or read book Essays in Dynamic General Equilibrium Theory written by Alessandro Citanna and published by Springer Science & Business Media. This book was released on 2006-01-11 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the area of dynamic economics, David Cass’s work has spawned a number of important lines of research, including the study of dynamic general equilibrium theory, the concept of sunspot equilibria, and general equilibrium theory when markets are incomplete. Based on these contributions, this volume contains new developments in the field, written by Cass's students and co-authors.

Download or read book A Critical Essay on Modern Macroeconomic Theory written by Frank Hahn and published by MIT Press. This book was released on 1997 with total page 174 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the early 1980s, rational expectations and new classical economics dominated macroeconomic theory. This essay evolved from theauthors' profound disagreement with that trend. It demonstrates notonly how the new classical view got macroeconomics wrong, but also howto go about doing macroeconomics the right way.

Download or read book Three Essays in Development Economics written by David Russell Hansen and published by Stanford University. This book was released on 2011 with total page 147 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation is composed of three chapters. All three deal with topics in development economics. The first chapter examines the effects on village institutions of introducing formal financial institution options into the village. The second addresses the effects of government policy on educational investment and crime. The third tests the explanatory power of various explanations of the gender gap in math test scores. The first chapter examines the effects of a transition from a ``traditional'' economy based on an uncertain source of income, with risk fully insured away by one's neighbors in a social network through costly network ties, to a ``modern'' economy in which some agents have access to partial insurance at a lower cost. A theoretical model is used to show that village social networks can break down as some members of the village no longer need the insurance the social network provides, producing a reduction in welfare (if the costs of reducing moral hazard are not too high) for at least some individuals and possibly the village as a whole. This loss of welfare can occur even when networks provide other benefits to those belonging to them and is likely to be heterogeneous, depending on the opportunities and networks available to individuals. This paper tests these predictions using Indonesian data to examine the effect of a change in the banking institutions available to a community on the strength of social networks (measured by community participation) and welfare (measured by household expenditure and by child health). The analysis finds that changing financial institution availability in general does not influence community participation or welfare, but that financial institutions that primarily serve certain groups do relatively reduce the welfare of households not in those groups, which is consistent with the hypotheses generated by the model. Crime is an important feature of economic life in many countries, especially in the developing world. Crime distorts many economic decisions because it acts like an unpredictable tax on earnings. In particular, the threat of crime may influence people's willingness to invest in schooling or physical capital. The second chapter explores the questions "What influence do crime rates and levels of investment have on one another?" and "How do government policies affect the relationship between investment and crime?" by creating a simple structural model of crime and educational investment and attempting to fit this model to Mexican data. A method of simulated moments procedure is used to estimate parameters of the model and the estimated parameters are then used to carry out policy simulations. The simulations show that increasing spending on police or increasing the severity of punishment reduces crime but has little effect on educational investment. Increased educational subsidies increase educational investment but reduce crime only slightly. Thus, one type of policy is insufficient to accomplish the goals of both reducing crime and increasing education. The third chapter is joint work with Prashant Bharadwaj, Giacomo De Giorgi, and Christopher Neilson. Boys tend to have better performances than girls in mathematical testing; in particular, there are significantly more boys than girls among high achievers and the score distribution appears to have a longer right tail for boys. We confirm such results on several low- and middle-income countries. In particular we find that the gender gap is already present by age 10 and substantially increases by age 14 and 15. We propose and try to test a series of explanations for such a gap: (i) parental investment, (ii) ability, (iii) school resources, (iv) individual investment and effort (not tested directly), (v) competitive environment, and (vi) cultural norms. We conclude that none of our proposed explanations can account for a substantial portion of the gap.

Download or read book The Gains from Trade and the Gains from Aid written by Murray C. Kemp and published by Routledge. This book was released on 2002-09-11 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the normative side of trade theory and is divided into five parts: * trade under perfect competition; * restricted trade under perfect competition; * trade under imperfect competition and other distortions; * Compensation: lumpsum, non-lumpsum or neither? * International trade