Andrew B Abel
Biographic Data
| ID | 5849980 |
|---|---|
| NAME | Andrew B Abel |
| GIVEN NAMES | Andrew B |
| FAMILY NAME | Abel |
| SIGNATURE | ABEL A B |
| AFFILIATIONS | Massachusetts Institute of Technology |
| VERIFIED | No |
| TOTAL WORKS | 5 |
| TOTAL CITATIONS | 0 |
| AUTHOR COUNT | 5 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1978 |
| LATEST PUBLICATION YEAR | 2001 |
| H-INDEX | 0 |
Will Bequests Attenuate the Predicted Meltdown in Stock Prices When Baby Boomers Retire
General equilibrium models that predict a reduction in asset prices when baby boomers retire typically assume that people consume all of their wealth before they die. However, many people hold substantial wealth when they die. I develop a rational expectations, general equilibrium model with a bequest motive. In this model, a baby boom increases stock prices, and stock prices are rationally anticipated to fall when the baby boomers retire, even t…
Specification of the Joy of Giving
This paper analyzes the joy of giving bequest motive in which the utility obtained from leaving a bequest depends only on the size of the bequest. It exploits the fact that this formulation can be interpreted as a reduced form of an altruistic bequest motive to derive a relation between the value of the altruism parameter and the value of the joy of giving parameter. Using previous discussions of an a priori range of plausible values for the altr…
On the Econometric Testing of Rationality-Market Efficiency
No abstract provided
Taxes, Inflation, and the Durability of Capital
The choice of capital durability is affected by the rate of inflation because nominal depreciation deductions are based on historical cost rather than replacement cost. This paper analyzes a model with competitive firms and demonstrates that an increase in the rate of inflation will lead to an increase in the durability of capital, if the ratio of the nominal discount rate to the rate of depreciation exceeds a critical value. However, if this rat…
Input-output pricing in a Keynesian model as applied to Portugal
No prominent works on this page.
Input-output pricing in a Keynesian model as applied to Portugal
Taxes, Inflation, and the Durability of Capital
The choice of capital durability is affected by the rate of inflation because nominal depreciation deductions are based on historical cost rather than replacement cost. This paper analyzes a model with competitive firms and demonstrates that an increase in the rate of inflation will lead to an increase in the durability of capital, if the ratio of the nominal discount rate to the rate of depreciation exceeds a critical value. However, if this rat…
On the Econometric Testing of Rationality-Market Efficiency
No abstract provided
Specification of the Joy of Giving
This paper analyzes the joy of giving bequest motive in which the utility obtained from leaving a bequest depends only on the size of the bequest. It exploits the fact that this formulation can be interpreted as a reduced form of an altruistic bequest motive to derive a relation between the value of the altruism parameter and the value of the joy of giving parameter. Using previous discussions of an a priori range of plausible values for the altr…
Will Bequests Attenuate the Predicted Meltdown in Stock Prices When Baby Boomers Retire
General equilibrium models that predict a reduction in asset prices when baby boomers retire typically assume that people consume all of their wealth before they die. However, many people hold substantial wealth when they die. I develop a rational expectations, general equilibrium model with a bequest motive. In this model, a baby boom increases stock prices, and stock prices are rationally anticipated to fall when the baby boomers retire, even t…
Economics (5 works) · Economic theories and models (4 works) · Econometrics (3 works) · Microeconomics (3 works) · Bequest (2 works) · Economic Policies and Impacts (2 works) · Fiscal Policy and Economic Growth (2 works) · Mathematical economics (2 works) · Mathematics (2 works) · Monetary economics (2 works)