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The Solow's model with endogenous population : a neoclassical growth cycle model
Fanti, Luciano; Manfredi, Piero - In: Journal of economic development 28 (2003) 2, pp. 103-115
Persistent link: https://www.econbiz.de/10001892634
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Habits, aspirations and endogenous fertility
Fanti, Luciano - Dipartimento di Economia e Management, Università … - 2012
Motivated by the increasing literature on endogenous preferences as well as on endogenous fertility, this paper investigates the implications of the interaction of the endogenous determination of the number of children with habit and aspiration formation in an OLG model. In contrast with the...
Persistent link: https://www.econbiz.de/10010932989
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PAYG pensions and fertility drop: some (pleasant) arithmetic
Fanti, Luciano - Dipartimento di Economia e Management, Università … - 2012
This paper explores whether the common belief that the currently observed fertility drop is a threat (or, conversely, the invoked fertility recovery is beneficial) for PAYG pensions is really always validated by the basic accounting of the PAYG pension budget. It is shown, through a simple...
Persistent link: https://www.econbiz.de/10010932992
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Fertility and money in an OLG model
Fanti, Luciano - Dipartimento di Economia e Management, Università … - 2012
We extend the two-period-lived-agent overlapping generations model with endogenous fertility and demand for money to understand whether and how the introduction of a money sector modifies what we have so far learned about fertility behaviours. It is shown that the existence of money may tend to...
Persistent link: https://www.econbiz.de/10010933007
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Endogenous labour supply, habits and aspirations
Fanti, Luciano - Dipartimento di Economia e Management, Università … - 2012
Motivated by the increasing literature on endogenous preferences, this paper investigates the implications of the introduction of habit and aspiration formation when labour supply is endogenous, in an OLG small open economy. In contrast with models with exogenous labour supply where aspirations...
Persistent link: https://www.econbiz.de/10010933011
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Habits, aspirations and endogenous fertility
Fanti, Luciano - Dipartimento di Economia e Management, Università … - 2012
Motivated by the increasing literature on endogenous preferences as well as on endogenous fertility, this paper investigates the implications of the interaction of the endogenous determination of the number of children with habit and aspiration formation in an OLG model. In contrast with the...
Persistent link: https://www.econbiz.de/10010933020
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Consequences of a boost of mandatory retirement age on long run income and PAYG pensions
Fanti, Luciano - Dipartimento di Economia e Management, Università … - 2012
the retirement age may be harmful for long run income and when the capital’s share is sufficiently high even PAYG pensions … are reduced. In conclusion, since it is shown that the age of retirement might be reduced obtaining a higher income and … beneficial in the long run for income and pension payments is theoretically controversial. …
Persistent link: https://www.econbiz.de/10010933024
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PAYG pensions and fertility drop: some (pleasant) arithmetic
Fanti, Luciano - Dipartimento di Economia e Management, Università … - 2012
This paper explores whether the common belief that the currently observed fertility drop is a threat (or, conversely, the invoked fertility recovery is beneficial) for PAYG pensions is really always validated by the basic accounting of the PAYG pension budget. It is shown, through a simple...
Persistent link: https://www.econbiz.de/10010933025
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Growth, PAYG pension systems crisis and mandatory age of retirement
Fanti, Luciano - Dipartimento di Economia e Management, Università … - 2012
Since in many countries - plagued by low fertility - significant increases of the mandatory retirement age have been recently introduced with the declared objective to sustain PAYG pension budgets, then in this paper we investigate whether and how such boosts are effective. It is shown - in the...
Persistent link: https://www.econbiz.de/10010933040
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Neoclassical Economic Growth and Lifetime Welfare in a Simple OLG Model with Unions
Fanti, Luciano; Gori, Luca - Dipartimento di Economia e Management, Università … - 2008
We analyse the effects of the introduction of a unionised labour market in a simple Diamond's OLG framework. Interesting findings, so far escaped closer scrutiny, emerge. Under some particular conditions about the key parameters of the model, the unionised-wage economy may perform better than...
Persistent link: https://www.econbiz.de/10005769622