- Economics - Research Publications
Economics - Research Publications
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ItemChoosing longevity with overlapping generationsChen, Weichun ; Engineer, Merwan ; KING, IAN ( 2007-09)We extend Diamond’s (1965) OLG model to allow agents to choose whether toparticipate in the second period of life. The valuation of early exit (x) is a keyparameter. We characterize competitive equilibria, efficient allocations, andpredictions for income and life expectancy over time. We find that, with logarithmicutility, for any value of x, there is a range of initial values of the capital stock forwhich some agents would prefer to exit in equilibrium. The shape of the transitionfunction and the number of steady state equilibria depend crucially on the value ofcapital’s share of income.
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ItemEx post bidding and efficient coordination unemploymentJulien, B ; Kennes, J ; King, I (WILEY, 2005-02-01)
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ItemA comment on Roland Benabou's "Tax and education policy in a heterogeneous-agent economy: What levels of redistribution maximize growth and efficiency?"Tang, XL ; King, I (WILEY, 2005-05-01)
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ItemEconomic progress and skill obsolescence with network effectsKennedy, PW ; King, IP (Springer Science and Business Media LLC, 2005-07)
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ItemResidual wage disparity and coordination unemploymentJulien, B ; Kennes, J ; King, I (WILEY, 2006-08-01)
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ItemBidding for moneyJulien, B ; Kennes, J ; King, I (ACADEMIC PRESS INC ELSEVIER SCIENCE, 2008-09-01)