Asset bubble and endogenous labor supply: A clarification - Aix-Marseille Université Access content directly
Journal Articles Economics Letters Year : 2020

Asset bubble and endogenous labor supply: A clarification

Abstract

This paper analyzes the link between asset bubbles, endogenous labor and capital. First, we explicitly and theoretically derive the conditions to have a crowding-in effect of the bubble, i.e. higher levels of capital and labor. Second, the utility function we consider shows that this result does not require an arbitrarily high elasticity of intertemporal substitution in consumption.
Fichier principal
Vignette du fichier
S0165176520303256.pdf (399.3 Ko) Télécharger le fichier
Origin : Files produced by the author(s)

Dates and versions

hal-03002581 , version 1 (21-09-2022)

Licence

Attribution - NonCommercial

Identifiers

Cite

Kathia Bahloul Zekkari, Thomas Seegmuller. Asset bubble and endogenous labor supply: A clarification. Economics Letters, 2020, 196, pp.109537. ⟨10.1016/j.econlet.2020.109537⟩. ⟨hal-03002581⟩
73 View
23 Download

Altmetric

Share

Gmail Facebook X LinkedIn More