The effects of irreversibility and uncertainty on capital accumulation

Article Abstract:

The economics of capital accumulation in relation to uncertainty and irreversibility are analyzed. The hangover effect and the user cost of capital are emphasized. Firms apply a higher user cost of capital to investment decisions when investment is irreversible.

Author: Abel, Andrew B., Eberly, Janice C.
Methods, Risk (Economics), Capital investments, Capital formation, Uncertainty

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Unemployment insurance and capital accumulation

Article Abstract:

A model economy is analyzed with its components of production, search and unemployment insurance. It is observed that activities decrease because of unemployment insurance and if the welfare gains are removed only very poor and unemployed are likely to suffer.

Author: Young, Eric R.
Unemployment Insurance, Social service, Social welfare

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Risk sharing across generations without publicly owned equities

Article Abstract:

Risk sharing strategies and investing options for the United States Social Security Trust Fund are presented.

Author: Smetters, Kent
Management dynamics, Pension, health, and welfare funds, Pension Funds & Benefit Plans, Pension Funds, Social Security, Management, Company business management, Financial risk

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Subjects list: United States, Analysis
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