Asset bubbles in an overlapping generations model with endogenous labor supply

Lisi Shi and Richard M. H. Suen

Economics Letters, 2014, vol. 123, issue 2, 164-167

Abstract: This paper examines the effects of asset bubbles in an overlapping generations model with endogenous labor supply. We show analytically that asset bubbles can lead to an expansion in steady-state capital, investment, employment and output under certain conditions.

Keywords: Asset bubbles; Overlapping generations; Endogenous labor (search for similar items in EconPapers)
JEL-codes: E22 E44 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (14)

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Related works:
Working Paper: Asset Bubbles in an Overlapping Generations Model with Endogenous Labor Supply (2014)
Working Paper: Asset Bubbles in an Overlapping Generations Model with Endogenous Labor Supply (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:123:y:2014:i:2:p:164-167

DOI: 10.1016/j.econlet.2014.02.002

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