Fertility and PAYG pensions in the overlapping generations model
نویسندگان
چکیده
منابع مشابه
Fertility and mortality changes in an overlapping-generations model with realistic demography
Many overlapping-generations models only assume working and retirement stages and are “not capable of representing the most basic feature of the human economic life cycle: that it begins and ends with periods of dependency, separated by a long intermediate period of consuming less than is produced” (Bommier and Lee, 2003). To examine the economic consequences of fertility and mortality changes,...
متن کاملAn Overlapping Generations Model of Electoral Competition
This paper presents a dynamic model of political competition between two "parties" with different policy preferences. A "party" is explicitly modelled as a sequence of overlapping generations of candidates, all of whom face finite decision horizons. In general, there is a conflict between the interests of the individual policymakers and those of the "party" , which includes subsequent generatio...
متن کاملAn overlapping-generations model with search
Search is embeded in an overlapping-generations model. Young people participate a centralized market and a decentralized market sequentially and olds only participates the centralized market. The demographic feature allows analytical tractability. In a series examples, positve inflation rates are Pareto optimal. JEL classification: E31
متن کاملThe Stock Market in the Overlapping Generations Model with Production
This paper addresses the following question: does the stock market influence the process of capital accumulation? If exchanging ownership of firms on a stock market is equivalent to exchanging the ownership of their capital on a capital goods market, then introducing a stock market will not affect the predictions of the real models of capital accumulation–the Ramsey model (1928) if agents are i...
متن کاملOverlapping Generations Model of General Equilibrium By
The OLG model of Allais and Samuelson retains the methodological assumptions of agent optimization and market clearing from the Arrow–Debreu model, yet its equilibrium set has different properties: Pareto inefficiency, multiplicity, positive valuation of money, and a golden rule equilibrium in which the rate of interest is equal to population growth (independent of impatience). These properties...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Population Economics
سال: 2011
ISSN: 0933-1433,1432-1475
DOI: 10.1007/s00148-011-0359-7