Time Preference and Factor Mobility in an OLG Model with Land.

This paper examines the pattern of capital mobility in a two-country overlapping generations world in which production uses three inputs capital, labor and land. The steady-state welfare consequences of opening countries to financial capital or labor mobility are then compared. In particular, it is shown that capital mobility does not equalize standards of living across countries. To achieve this goal, one has to rely on labor mobility.

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Year of publication:	1997
Authors:	Crettez, B ; Michell, P ; Vidal, J-P
Institutions:	Association of Southern European Economic Theorists - ASSET
Subject:	LABOUR MARKET \| LABOUR MOBILITY \| LAND \| CAPITAL MOVEMENTS

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Series:	ASSET - Instituto De Economia Publica.
Type of publication:	Book / Working Paper
Notes:	5 pages
Classification:	J61 - Geographic Labor Mobility; Immigrant Workers
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005656780