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Education policy and intergenerational transfers in equilibrium

Abbott, Brant; Gallipoli, Giovanni; Meghir, Costas; … - 2018

This paper examines the equilibrium effects of alternative financial aid policies intended to promote college participation. We build an overlapping generations life cycle model with education, labor supply, and consumption/saving decisions. Cognitive and non-cognitive skills of children depend...

Persistent link: https://www.econbiz.de/10012028672

Intergenerational Transfers, Lifetime Welfare and Resource Preservation

Valente, Simone - 2006

This paper analyzes overlapping-generations models where natural capital is owned by selfish agents. Transfers in favor of young agents reduce the rate of depletion and increase output growth. It is shown that intergenerational transfers may be preferred to laissez-faire by an indefinite...

Persistent link: https://www.econbiz.de/10011753120

Post Mortem Reputation, Compensatory Gifts and Equal Bequests

Lundholm, Michael; Ohlsson, Henry - 1999

The empirical evidence suggests that parents use inter vivos gifts (i.e., transfers of tangible and financial property) to compensate less well off children whereas post mortem bequests are divided equally among siblings. We study a theoretical model assuming, first, that the amounts given is...

Persistent link: https://www.econbiz.de/10010321811

Educational Choice, Endogenous Inequality and Economic Development

Andergassen, Rainer; Nardini, Franco - 2004

This paper investigates the mechanics through which wealth may, in the long run, trickle down from the rich to the poor. In the presence of indivisibilities in investment of human capital and impossibility of borrowing money, investment in education is financed through an intergenerational...

Persistent link: https://www.econbiz.de/10011651397

Equilibrium Health Spending and Population Aging in a Model of Endogenous Growth: Will the GDP Share of Health Spending Keep Rising?

Ehrlich, Isaac; Yin, Yong - 2014

The apparently unrelenting growth in the GDP-share of health spending (SHS) has been a perennial issue of policy concern. Does an equilibrium limit exist? The issue has been left open in recent dynamic models which take income growth and population aging as given. We view these variables as...

Persistent link: https://www.econbiz.de/10010333275

The Potential for Competition between Pharmacies in Germany

Coenen, Michael; Haucap, Justus; Herr, Annika; … - 2011

This paper analyses the institutional framework for pharmacies in Germany and competition in that sector, which is … characterized by significant competition deficits. Based on our diagnosis and findings the advantages and disadvantages of two …

Persistent link: https://www.econbiz.de/10010305916

Information Technology and the Knowledge Elites

Saint-Paul, Gilles - 2001

considered here rests on the view that IT makes the acquisition of knowledge cheaper, which intensifies competition among workers … specialized in knowledge production. Those who lose in such competition end up displaced to occupations with a lower knowledge … inequality. The least skilled do not participate in this competition, as they are not specialized in knowledge production; they …

Persistent link: https://www.econbiz.de/10010262486

The Economics of Human Cloning

Saint-Paul, Gilles - 2000

In this paper, we analyze the extent to which market forces create an incentive for cloning human beings. We show that a market for cloning arises if a large enough fraction of the clone?s income can be appropriated by its model. Only people with the highest ability are cloned, while people at...

Persistent link: https://www.econbiz.de/10010262438

Dynamic Fiscal Policies, Unemployment, and Economic Growth

Josten, Stefan Dietrich - 2003

This paper analyzes the growth and employment effects of dynamic fiscal policies in an overlapping generations model with endogenous growth and imperfect labour markets. With balanced-budget policies, the modelled closed economy grows at a constant rate which is the higher, the lower are the...

Persistent link: https://www.econbiz.de/10010263397

On the modeling of the income distribution business cycle dynamics

Heer, Burkhard - 2007

Empirically, the income share is procyclical for the low-income groups and acyclical for the top 5%. We find that business cycle models should consider overlapping generations and elastic labor supply in order to replicate this finding.

Persistent link: https://www.econbiz.de/10010264090