Asset Bubbles in an Overlapping Generations Model with Endogenous Labor Supply

Lisi Shi and Richard M. H. Suen

No 2014-02, Working papers from University of Connecticut, Department of Economics

Abstract: This paper examines the e¤ects 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. The analytical results are followed by a speci c numerical example.

Keywords: Asset Bubbles; Overlapping Generations; Endogenous Labor (search for similar items in EconPapers)
JEL-codes: E22 E44 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2014-01
New Economics Papers: this item is included in nep-dge and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (14)

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Related works:
Journal Article: 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:uct:uconnp:2014-02

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