کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5099285 | 1376997 | 2007 | 21 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Indeterminacy, intergenerational redistribution, endogenous longevity and human capital accumulation
دانلود مقاله + سفارش ترجمه
دانلود مقاله ISI انگلیسی
رایگان برای ایرانیان
کلمات کلیدی
موضوعات مرتبط
مهندسی و علوم پایه
ریاضیات
کنترل و بهینه سازی
پیش نمایش صفحه اول مقاله
![عکس صفحه اول مقاله: Indeterminacy, intergenerational redistribution, endogenous longevity and human capital accumulation Indeterminacy, intergenerational redistribution, endogenous longevity and human capital accumulation](/preview/png/5099285.png)
چکیده انگلیسی
This paper sets up an OLG economy with endogenous life expectancy to study how fiscal policy that redistributes between generations can open the door to sunspot equilibria. Agents invest independently in their own human capital, produce and consume output, and receive a pension upon retirement. The model produces an expectations coordination problem that can explain significant differences in growth paths followed by otherwise identical countries. In particular, we show that our economy may be characterized by local indeterminacy of dynamic equilibria, and hence feature fluctuations which are driven by extrinsic uncertainty.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Dynamics and Control - Volume 31, Issue 2, February 2007, Pages 613-633
Journal: Journal of Economic Dynamics and Control - Volume 31, Issue 2, February 2007, Pages 613-633
نویسندگان
Giam Pietro Cipriani, Miltiadis Makris,