This paper considers a three-overlapping-generations model of endogenous growth wherein human capital is the engine of growth. It first contrasts the laissez-faire and the optimal solutions Three possible accumulation regimes are distinguished. Then it discusses a standard set of tax-transfer instruments that allow for decentralization of the social optimum. Within the limits of our model, the rationale for the standard pattern of intergenerational transfers (the working-aged financing the education of the young and the pension of the old) is seriously questioned. On pure efficiency grounds, the case for generous public pensions is rather weak. (c) 2006 Elsevier Inc. All rights reserved
This paper studies an endogenous growth model with human capital, exhaustible resources, and overlap...
The authors study the problem of optimal taxation in three infinite-horizon, representative-agent en...
This paper studies an endogenous growth model with human capital, exhaustible resources, and overlap...
This paper considers a three-overlapping-generations model of endogenous growth wherein human capita...
This paper considers a three-overlapping-generations model of endogeneous growth wherein human capit...
This paper considers a three-overlapping-generations model of endogeneous growth wherein human capit...
This paper considers a three-overlapping-generations model of endogeneous growth wherein human capit...
This paper considers a three-overlapping-generations model of en-dogeneous growth wherein human capi...
This paper considers a three-overlapping-generations model of endogeneous growth wherein human capit...
Abstract: This paper studies second-best efficient policies for human capital in an OLG model with e...
This paper develops an endogenous growth model of a dual economy where human capital accumulation is...
An endogenous growth model is presented that combines two well-known 'sources of growth': technologi...
In OLG economies with life-cycle saving and exogenous growth, competitive equilibria in general fai...
This paper presents an overlapping-generations endogenous growth model of human capital accumulation...
This paper considers the impact of endogenous human capital accumulation on optimal tax policy in a ...
This paper studies an endogenous growth model with human capital, exhaustible resources, and overlap...
The authors study the problem of optimal taxation in three infinite-horizon, representative-agent en...
This paper studies an endogenous growth model with human capital, exhaustible resources, and overlap...
This paper considers a three-overlapping-generations model of endogenous growth wherein human capita...
This paper considers a three-overlapping-generations model of endogeneous growth wherein human capit...
This paper considers a three-overlapping-generations model of endogeneous growth wherein human capit...
This paper considers a three-overlapping-generations model of endogeneous growth wherein human capit...
This paper considers a three-overlapping-generations model of en-dogeneous growth wherein human capi...
This paper considers a three-overlapping-generations model of endogeneous growth wherein human capit...
Abstract: This paper studies second-best efficient policies for human capital in an OLG model with e...
This paper develops an endogenous growth model of a dual economy where human capital accumulation is...
An endogenous growth model is presented that combines two well-known 'sources of growth': technologi...
In OLG economies with life-cycle saving and exogenous growth, competitive equilibria in general fai...
This paper presents an overlapping-generations endogenous growth model of human capital accumulation...
This paper considers the impact of endogenous human capital accumulation on optimal tax policy in a ...
This paper studies an endogenous growth model with human capital, exhaustible resources, and overlap...
The authors study the problem of optimal taxation in three infinite-horizon, representative-agent en...
This paper studies an endogenous growth model with human capital, exhaustible resources, and overlap...