We analyze the short and long-run effects of demographic ageing–increased longevity and
reduced fertility–on per-capita growth. The OLG model captures direct effects, working …

This paper uses an OLG model in order to capture the economic and demographic effects of
remittances in small open economies. We describe household decisions on education and …

Historiacally, all countries have experienced economic stagnation without schooling until
compulsory schooling was instituted. This study argues that a stable poverty trap exists at a …

Government expenditures can be used for various socioeconomic objectives, including
public education, consumption of public goods and services, and social protection. This …

This paper develops a political economy model to examine the implications of political
selection under an authoritarian regime. We formalize the fiscal policy choice of local …

Using a three-period overlapping generations economy framework, we characterize an
intergenerational welfare state with endogenous education and pension under voting. We …

This paper opens a new perspective from which one can explain the presence of
government intervention in education even in the absence of human capital externality. It …

We study differential fertility and intergenerational mobility in an overlapping-generations
framework with skilled and unskilled individuals. Assuming unskilled parents are less …

In OLG economies with life-cycle saving and exogenous growth, competitive equilibria in
general fail to achieve optimality because individuals accumulate amounts of physical …

Interest in public loans to fund (higher) education has been increasing in the last decades.
This paper explores the general welfare properties of government-created credit markets for …