In this paper we study the effects of an increasing longevity on the balanced pay-as-you-go pension budget in the basic overlapping generations model of growth (Diamond, 1965). It is shown that, when the capital's share in production is sufficiently high, the higher longevity the higher pension...

We examine how subsidy policies to support child-rearing of households affect the fertility rate in a textbook OLG model extended to account for a labour market imperfection (e.g., a minimum wage or a monopolistic union's wage) as well as endogenous fertility. It is shown that increasing the...

The passage from the Malthusian Regime to the Modern Regime has been theoretically investigated only in recent times and the understanding of this process is still incomplete. This paper develops a neoclassical OLG model of neoclassical growth which embodies a stylised fact emerged in the second...

This paper analyses the effectiveness of child-subsidy support policies in a general equilibrium overlapping generations model with endogenous fertility, child quality choices and human capital formation. It is shown, somewhat paradoxically, that only if the preference for the quality of...

Since recent studies have argued that a pro-natalist effect could be obtained by introducing fertility-related pension systems for contrasting, especially in European countries, the plague of below-replacement fertility and the resulting problem of financing the widespread pay-as-you-go (PAYG)...

We examine how subsidy policies to support child-rearing affect the fertility rate in a textbook general equilibrium overlapping generations model extended to account for endogenous fertility decisions of individuals. It is shown the counter-intuitive result that increasing the child grant may...

Unemployment is undoubtedly one of the most important concerns in developed countries, especially in Europe. Most of the related economic literature has discussed the possible influence of unemployment benefits on unemployment and welfare, assuming a lump-sum type benefit system, while the more...

The paper investigates the effects of declining mortality on fertility and income in the standard OLG neoclassical growth model under the assumptions of accidental bequests as well as fully annuitised savings. It is shown whether and how different countries may expect increasing or decreasing...

Using the basic overlapping generations one-sector model of endogenous growth we show that unionisation of labour markets may be growth-enhancing with respect to the standard competitive equilibrium economy with full employment, provided the capital's weight in technology and the replacement...

This paper compares Cournot and Bertrand equilibria in a differentiated duopoly, total wage bill maximizing unions and labour decreasing returns. It is shown that the standard result, that equilibrium profits are always higher under Cournot, may be reversed even for a fairly low degree of...