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LOLA 1.0: Luxembourg overLapping generation model for policy analysis

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  • Olivier Pierrard

    ()

  • Henri R. Sneessens

Abstract

We build on the DSGE literature to propose an overlapping generation model for Luxembourg. By way of illustration, the model is then used to study the consequences of the ageing of the population and the potential effects of alternative macroeconomic policies.

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File URL: http://www.bcl.lu/fr/publications/cahiers_etudes/36/BCLWP036.pdf
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Bibliographic Info

Paper provided by Central Bank of Luxembourg in its series BCL working papers with number 36.

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Length: 36 pages
Date of creation: Apr 2009
Date of revision:
Handle: RePEc:bcl:bclwop:bclwp036

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Web page: http://www.bcl.lu/

Related research

Keywords: Overlapping Generations; Search Unemployment; Small open economy; Labor Force Participation; Ageing; Labor Market Policy and Institutions;

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References

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  1. Wouter J. den Haan & Garey Ramey & Joel Watson, 1997. "Job Destruction and Propagation of Shocks," NBER Working Papers 6275, National Bureau of Economic Research, Inc.
  2. Pierrard, Olivier & Sneessens, Henri R., 2003. "Low-Skilled Unemployment, Biased Technological Shocks and Job Competition," IZA Discussion Papers 784, Institute for the Study of Labor (IZA).
  3. David de la Croix & Frédéric Docquier, 2007. "School Attendance and Skill Premiums in France and the US: A General Equilibrium Approach," Fiscal Studies, Institute for Fiscal Studies, Institute for Fiscal Studies, vol. 28(4), pages 383-416, December.
  4. Pierrard, Olivier, 2008. "Commuters, residents and job competition," Regional Science and Urban Economics, Elsevier, Elsevier, vol. 38(6), pages 565-577, November.
  5. de la Croix,David & Michel,Philippe, 2002. "A Theory of Economic Growth," Cambridge Books, Cambridge University Press, Cambridge University Press, number 9780521001151.
  6. Henri Sneessens & Fatemeh Shadman & Olivier Pierrard, 2003. "Effets des préretraites sur l'emploi," Revue Française d'Économie, Programme National Persée, vol. 18(1), pages 133-155.
  7. Muriel Bouchet, 2003. "The sustainability of the private sector pension system from a long-term perspective: the case of Luxembourg," BCL working papers, Central Bank of Luxembourg 6, Central Bank of Luxembourg.
  8. Muriel Bouchet, 2006. "The transition from payg to funding: application to the Luxembourg privat sector pension system," BCL working papers, Central Bank of Luxembourg 23, Central Bank of Luxembourg.
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