Advanced Search
MyIDEAS: Login to save this paper or follow this series

Overlapping Generations Models with Realistic Demography: Statics and Dynamics

Contents:

Author Info

  • Antoine Bommier

    ()

  • Ronald D. Lee

    ()

Abstract

The extensive literature on overlapping generation models is rich and productive, yet it suffers from its reliance on simplistic demographic assumptions which are largely unnecessary. The past literature has mainly assumed only two age groups and perfect survival until the end of the second of these. Theoretical results for two age groups sometimes do not generalize, and without mortality one cannot study the implications of its change. Such a crude model cannot even simultaneously accommodate dependent childhood, productive mid years, and retirement. Any kind of empirical implementation of these models is virtually impossible. This paper adopted a continuous age distribution with an arbitrary age schedule of mortality. The core economic model was standard. The new concept of reallocation system is sufficiently broad to include the real world variety of individual and institutional mechanisms, ranging from real capital formation through credit transactions to non-market transfers through the family or the government.

Download Info

To our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.

Bibliographic Info

Paper provided by University of California at Berkeley, Demography of Aging in its series Working Papers with number _002.

as in new window
Length:
Date of creation:
Date of revision:
Handle: RePEc:wop:calbda:_002

Contact details of provider:
Email:
Web page: http://www.ceda.berkeley.edu/
More information through EDIRC

Related research

Keywords:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:wop:calbda:_002. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Thomas Krichel).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.