sociologists have long been interested in the study of the relationships between members of families. also, in the last decades, sociologists and scholars in social and human sciences have shown an interest in the study of the effects of globalization on the micro and macro structures of societies. the aim of this paper is to investigate the relationship between globalization and the division o...

The paper studies the dynamic macroeconomic and welfare effects of tax policy in the context of an overlapping-generations model of the Yaari-Blanchard type for a closed economy. The model is extended to allow for endogenous labor supply and three tax instruments—namely, a capital tax, labor income tax, and consumption tax. It is shown that labor taxes increase welfare of old generations wherea...

We set up a two-period model, where individuals finance educational investment and first-period consumption by borrowing against risky second-period labor income. We show that the government should use both education subsidies and capital taxation to mitigate distortions, stemming from social insurance through labor taxation, and we derive a Ramsey-rule for the optimal combination of these inst...

In this paper, we consider an aggregate overlapping generations model with endogenous labor, consumption in both periods of life, homothetic preferences and productive external effects coming from the average capital and labor. We show that under realistic calibrations of the parameters, in particular a large enough share of first period consumption over the wage income, local indeterminacy of ...

the quality of firms’ reaction against demand uncertainty affects the production inputs employment. in this research i have studied and compared the behavior of active firms in manufacturing sector with respect to the risk attitude and tested it’s effect on production inputs combination(with the special emphasize on labor employment). the research findings reveal that active firms in manufactur...

The thesis posits that analytical studies relating to knowledge based industries (especially social media) as rent seeking organization must be revisited. Proponents of cognitive capitalism, especially Autonomist Marxists attribute sources of revenue in knowledge based industries to “rent seeking behavior” departing from Marx’s labor theory of value. Industrial production process requires capit...

Decreasing the tax on capital may increase after-tax incomes of capital and labor by reducing the deadweight loss associated with inefficiently low levels of capital investment. This paper identifies five key considerations that impact the effect of decreasing the capital tax rate: the elasticity of substitution between capital and labor, capital’s and labor’s shares of total output, the presen...