Skip to Main content Skip to Navigation
Journal articles

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.
Document type :
Journal articles
Complete list of metadata
Contributor : Elisabeth Lhuillier Connect in order to contact the contributor
Submitted on : Thursday, November 12, 2020 - 7:49:54 PM
Last modification on : Wednesday, November 3, 2021 - 5:48:39 AM

Links full text




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



Record views