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Implementing the best steady state with savings in unbacked risky assets
International audience -
The taxation of capital returns in overlapping generations models
International audience -
Frequency of trade and the deterrminacy of equilibrium in economies of overla...
URL des Documents de travail : http://ces.univ-paris1.fr/cesdp/cesdp2012.html -
Pension reforms in Europe: An investigation with a computable OLG world model
This paper presents and briefly discusses the INGENUE model, an international computable overlapping-generations model of the world economy. After a short description... -
How powerful is demography? The Serendipity Theorem revisited
Introduced by Samuelson (Int Econ Rev 16(3):531-538, 1975), the Serendipity Theorem states that the competitive economy will converge towards the optimum steady-state... -
Frequency of trade and the determinacy of equilibrium in economies of overlap...
International audience -
Inégalités face à la mort et systèmes de retraite
In a model of overlapping generation with uncertain lifetime, we show that "pay-as-you-go" social security implies transfers of wealth from the low life expectancy... -
On sustainable Pay-As-you-Go contribution rules
An unfunded social security system faces the major risk, sometimes referred to as "political risk," that future generations do not agree to contribute as much as... -
The Inefficient Markets Hypothesis: Why Financial Markets Do Not Work Well in...
Existing literature continues to be unable to offer a convincing explanation for the volatility of the stochastic discount factor in real world data. Our work provides... -
External Constraints and Endogenous Growth: Why Didn't Some Countries Benefit...
Empirical evidence on the growth benefits of capital inflows is mixed. The growth benefits accruing from capital inflows also appear to be larger for high savings... -
Growth and Irreversible Pollution: Are Emission Permits a Means of Avoiding E...
International audience -
On the relation between gene flow theory and genetic gain
International audience -
Optimal mass selection policies for schemes with overlapping generations and ...
International audience -
Non-random mating for selection with restricted rates of inbreeding and overl...
International audience
