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Asset bubbles in an overlapping generations model with endogenous labor supply |
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| Authors: | Lisi Shi Richard MH Suen |
| Institution: | University of Connecticut, United States |
| 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: | E22 E44 |
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