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 derive a set of conditions under which asset bubbles will lead to an expansion in steady-state capital, investment, employment and output. We also provide a specific numerical example to illustrate these results.

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Year of publication:	2013-08-04
Authors:	Shi, Lisi ; Suen, Richard M. H.

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Shi, Lisi and Suen, Richard M. H. (2013): Asset Bubbles in an Overlapping Generations Model with Endogenous Labor Supply.
Classification:	E22 - Capital; Investment (including Inventories); Capacity ; E44 - Financial Markets and the Macroeconomy
Source:	BASE

Persistent link: https://www.econbiz.de/10015238116