Asset bubbles in an overlapping generations model with endogenous labor supply

This paper examines the effects of asset bubbles in an overlapping generations model with endogenous labor supply. We show analytically that asset bubbles can lead to an expansion in steady-state capital, investment, employment and output under certain conditions.

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Year of publication:	2014
Authors:	Shi, Lisi ; Suen, Richard M.H.
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 123.2014, 2, p. 164-167
Publisher:	Elsevier
Subject:	Asset bubbles \| Overlapping generations \| Endogenous labor

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Type of publication:	Article
Classification:	E22 - Capital; Investment (including Inventories); Capacity ; E44 - Financial Markets and the Macroeconomy
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010906376