Title:Skills, Search and the Persistence of High Unemployment
Author(s):ORTIGUEIRA, SalvadorDate:2006Type of Publication:ArticleAbstract:The persistence of high-unemployment rates in Europe has fueled theories advocating the existence of multiple natural rates of unemployment. Labor-market institutions and increasing returns to scale have been singled out ...
Title:Slow Money Dissemination
Author(s):ENDERS, ZenoDate:2006Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:A model of limited participation in the asset market is developed, in which varieties of
consumption bundles are purchased sequentially. By this, heterogeneity in money holdings and in
the effective elasticity of ...
Title:A Small Monetary System for the Euro Area Based on German Data
Author(s):BRUEGGEMANN, Ralf; LUETKEPOHL, HelmutDate:2006Type of Publication:ArticleAbstract:Previous euro area money demand studies have used aggregated national time series data from the countries participating in the European Monetary Union (EMU). However, aggregation may be problematic because macroeconomic ...
Title:Social Capital as Good Culture
Author(s):GUISO, Luigi; SAPIENZA, Paola; ZINGALES, LuigiDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:To explain the extremely long-term persistence (more than 500 years) of positive
historical experiences of cooperation (Putnam, 1993), we model the intergenerational
transmission of priors about the trustworthiness of ...
Title:Social Networks and the Process of “Globalization”
Author(s):DUERNECKER, Georg; VEGA-REDONDO, FernandoDate:2012Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We propose a stylised dynamic model to understand the role of social networks in the phenomenon we call “globalization.” This term refers to the process by which even agents who are geographically far apart come to interact, ...
Title:Social Roles as an Effective Learning Mechanism
Author(s):SCHLAG, Karl H.; POLLOCK, GregoryDate:1999Type of Publication:ArticleAbstract:Using the 'Buyer-Seller' game as an idealized form of social interaction across complementary roles, we examine two forms of 'myopic learning', where individuals try to improve their response to their immediately past ...
Title:Social Security and Risk Sharing
Author(s):GOTTARDI, Piero; KUBLER, FelixDate:2011-01-01Type of Publication:ArticleAbstract:In this paper we identify conditions under which the introduction of a pay-as-you-go social security system is ex ante Pareto-improving in a stochastic OLG economy with capital accumulation and land. We argue that these ...
Title:Social Security and Risk Sharing
Author(s):GOTTARDI, Piero; KUBLER, FelixDate:2009Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Social Security and Risk Sharing
Piero Gottardi
Felix Kubler
Abstract
In this paper we identify conditions under which the introduction of a pay-as-you-go social security system is ex-ante Pareto-improving in a stochastic ...