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VERSION:2.0
PRODID:-//AMSE//Event Calendar//FR
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UID:event-8160@www.amse-aixmarseille.fr
DTSTAMP:20260417T063309Z
CREATED:20260417T063309Z
LAST-MODIFIED:20260417T063309Z
STATUS:CONFIRMED
SEQUENCE:0
SUMMARY:Eco-lunch - Alain Venditti
DTSTART:20210603T090000Z
DTEND:20210603T100000Z
DESCRIPTION:This paper provides a long-run cycle perspective to explain the
  behavior of the annual flow of inheritance as identified by Piketty (2011)
  for France and Atkinson (2018) for the UK. Using a two-sector Barro-type (
 1974) OLG model with non-separable preferences and bequests\, we show that 
 endogenous fluctuations are likely to occur through period-2 cycles or Hopf
  bifurcations. Two key mechanisms\, which can generate independently or tog
 ether quasi-periodic cycles\, can be identified as long as agents are suffi
 ciently impatient. The first mechanism relies on the elasticity of intertem
 poral substitution or equivalently the sign of the cross-derivative of the 
 utility function whereas the second rests on sectoral technologies through 
 the sign of the capital intensity difference across two sectors. Furthermor
 e\, building on the quasi-palindromic nature of the degree-4 characteristic
  equation\, we derive some meaningful sufficient conditions associated to t
 he occurrence of complex roots in a two-sector OLG model. Finally\, we show
  that our theoretical results are consistent with some empirical evidence f
 or medium- and long-run swings in the inheritance flows as a fraction of na
 tional income in France over the period 1896-2008.\\n\\nContact: Gaëtan Fo
 urnier: gaetan.fournier[at]univ-amu.frEvgeny Tsodikovich: evgeny.tsodikovic
 h[at]univ-amu.fr\n\nPlus d'informations: https://www.amse-aixmarseille.fr/e
 n/events/alain-venditti-0
LOCATION:Îlot Bernard du Bois - Salle 21\, AMU - AMSE\, 5-9 boulevard Maur
 ice Bourdet\, 13001 Marseille
URL;VALUE=URI:https://www.amse-aixmarseille.fr/en/events/alain-venditti-0
CONTACT:Gaëtan Fournier: gaetan.fournier[at]univ-amu.frEvgeny Tsodikovich:
  evgeny.tsodikovich[at]univ-amu.fr
TRANSP:OPAQUE
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