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Chakraborty, Shankha; Thompson, Jon; Yehoue, Etienne - Volkswirtschaftliche Fakultät, … - 2014

entrepreneurs. In either case culture ceases to be destiny. We relate the theory to historical and recent episodes. …

Persistent link: https://www.econbiz.de/10011108809

European Union Economy System Dynamic Model Development

Skribans, Valerijs - Volkswirtschaftliche Fakultät, … - 2012

. The aim of this study is to develop EU economy functioning system dynamic model. Main research method is system dynamics …. General scheme of EU economy system dynamic model is shown. Implementing the model in practice, new EU member economic … the given conditions the example of Latvia shows that there is no possibility to overcome the system crisis. These …

Persistent link: https://www.econbiz.de/10011259562

Pensions at a glance: Asia/Pacific

Whitehouse, Edward - Volkswirtschaftliche Fakultät, … - 2009

Many of Asia‟s retirement-income systems are ill prepared for the rapid population ageing that will occur over the next two decades. The demographic transition – to fewer babies and longer lives – took a century in Europe and North America. In Asia, this transition will often occur in a...

Persistent link: https://www.econbiz.de/10009422100

Pension reform and intergenerational altruism in economic dynamics models

Surkov, Alexander - Volkswirtschaftliche Fakultät, … - 2009

altruism and pension system are analyzed. Successful transition from pay-as-you go pension system to fully funded one is shown …A complexity of a pension reform realization in a country with high level of intergenerational altruism is considered … as a reason of a failure of the pension reform in Russia. Differences between intergenerational altruism levels in Russia …

Persistent link: https://www.econbiz.de/10008765902

Price search, consumption inequality, and expenditure inequality over the life cycle

Arslan, Yavuz; Taskin, Temel - Volkswirtschaftliche Fakultät, … - 2011

In this paper, we incorporate a price search decision into a life cycle model and differentiate consumption from expenditure. Consumers with low wealth and bad income shocks search more for cheaper prices and pay less, which makes their consumption higher than in a model without search option. A...

Persistent link: https://www.econbiz.de/10009372501

The single-mindedness of labor unions when transfers are not Lump-Sum

canegrati, emanuele - Volkswirtschaftliche Fakultät, … - 2007

In this paper I analyse a labour market where the wage is endogenously determined according to an Efficient Bargaining process between a firm and a labour union whose members are partitioned into two social groups: the old and the young. Furthermore, I exploit the Single-Mindedness theory, which...

Persistent link: https://www.econbiz.de/10005789327

Asymmetric demographic pressure in South-Mediterranean versus North-Mediterranean economies and its impact on international gross capital flows

Peeters, Marga - Volkswirtschaftliche Fakultät, … - 2012

According to the life-cycle theory, countries with high and rising youth ratios or high and rising old-age ratios tend to have low savings relative to investment, which depresses their capital outflows. This paper puts life-cycle theory to the test and studies the impact of demographic change on...

Persistent link: https://www.econbiz.de/10011114397

Life-Cycle Consumption: Can Single Agent Models Get it Right?

Bick, Alexander; Choi, Sekyu - Volkswirtschaftliche Fakultät, … - 2011

In the quantitative macro literature, single agent models are heavily used to explain "per-adult equivalent" household data. In this paper, we study differences between consumption predictions from a single agent model and "adult equivalent" consumption predictions from a model where household...

Persistent link: https://www.econbiz.de/10008854394

Life-cycle consumption: can single agent models get it right?

Bick, Alexander; Choi, Sekyu - Volkswirtschaftliche Fakultät, … - 2011

-cycle consumption with models that consider households rather than single agents. …

Persistent link: https://www.econbiz.de/10009147683

From income and consumption inequality to economic welfare inequality: the role of labor supply

Theloudis, Alexandros - Volkswirtschaftliche Fakultät, … - 2011

This paper discusses the links between earnings, consumption and economic welfare inequality. It places emphasis on the role of leisure and labor supply in the assessment of cross-household inequality and argues that the documented increase of such inequality has its origin in the labor market....

Persistent link: https://www.econbiz.de/10011112095