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Overlapping generations models with realistic demography

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Author Info
Antoine Bommier
Ronald D. Lee

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Abstract

This paper revisits the literature on overlapping generations models in the demographic context of a continuous age distribution and a general age schedule of mortality. We show that most of the static results known for the 3 or N age-group models can be extended to the continuous model. Some results, previously established for economies without capital, are extended to productive economies. We also make some progress on the existence of some steady states as well as on the dynamic properties. Copyright Springer-Verlag Berlin Heidelberg 2003

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File URL: http://hdl.handle.net/10.1007/s001480100102
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Publisher Info
Article provided by Springer in its journal Journal of Population Economics.

Volume (Year): 16 (2003)
Issue (Month): 1 (02)
Pages: 135-160
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Handle: RePEc:spr:jopoec:v:16:y:2003:i:1:p:135-160

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Related research
Keywords: JEL classification: D9; E13; H55; H62; 010; 016; Key words: Overlapping generations; Pay-As-You-Go systems; demography;

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  1. Fanny Annemarie Kluge, 2009. "Transfers, consumption and income over the lifecycle in Germany," MPIDR Working Papers WP-2009-014, Max Planck Institute for Demographic Research, Rostock, Germany. [Downloadable!]
  2. Heinrich Hock & David N. Weil, 2006. "The Dynamics of the Age Structure, Dependency, and Consumption," NBER Working Papers 12140, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  3. Andrew Mason & Ronald Lee & An-Chi Tung & Mun-Sim Lai & Tim Miller, 2006. "Population Aging and Intergenerational Transfers: Introducing Age into National Accounts," NBER Working Papers 12770, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
  4. Paulo Brito & Rui Dilao, 2006. "Equilibrium price dynamics in an overlapping-generations exchange economy," Working Papers 2006/27, Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon.. [Downloadable!]
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  5. Qi Li & Shripad Tuljapurkar, 2004. "Life, Death, and the Economy: Mortality Change in Overlapping-Generations Model," Working Papers wp072, University of Michigan, Michigan Retirement Research Center. [Downloadable!]
  6. Alexander Ludwig, 2005. "Moment estimation in Auerbach-Kotlikoff models: How well do they match the data?," MEA discussion paper series 05093, Mannheim Research Institute for the Economics of Aging (MEA), University of Mannheim. [Downloadable!]
    Other versions:
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