Overlapping Generations Models of Graded Age-Group Societies: Economics Meets Ethnography
AbstractAcross much of the world tribal societies are organized into age groups. In these age-group societies, social and economic relations between individuals are regulated by well-established rules governing transitions through the lifecycle. In this paper we detail the relationship between the classic formulations in Stewart's (1977) "Fundamentals of Age-Group Systems" and the overlapping generations (OLG) model. We establish that OLG models can accurately represent a large subset of actual age-group societies called graded age-set societies. Thus, an OLG model bears a close resemblance to reality.
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Bibliographic InfoPaper provided by Department of Economics, University of Victoria in its series Department Discussion Papers with number 0102.
Length: 29 pages
Date of creation: 06 Jul 2001
Date of revision:
age sets; graded age-group systems; lifecycle; overlapping generations model;
Find related papers by JEL classification:
- J10 - Labor and Demographic Economics - - Demographic Economics - - - General
- P00 - Economic Systems - - General - - - General
- Z10 - Other Special Topics - - Cultural Economics - - - General
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