Browsing Department of Economics (ECO) by Subject "D58"

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Browsing Department of Economics (ECO) by Subject "D58"

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    Title: Recursive Contracts  Author(s): MARCET, Albert; MARIMON, Ramon Date: 2011 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: We obtain a recursive formulation for a general class of contracting problems involving incentive constraints. These constraints make the corresponding maximization sup problems non-recursive. Our approach consists of ...
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    Title: Social Security and Risk Sharing  Author(s): GOTTARDI, Piero; KUBLER, Felix Date: 2009 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: 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 ...
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    Title: Accounting for the Changing Role of Family Income in Determining College Entry  Author(s): WINTER, Christoph Date: 2007 Type of Publication: Working Paper Series/Report no.: EUI ECO Abstract: Assessing the importance of borrowing constraints for college entry is key for education policy analysis in the U.S. economy. I present a computable dynamic general equilibrium model with overlapping generations and ...