Overlapping Generations Models and Graded Age-Set Societies
From Africa through North America to Asia, anthropologists have found societies with formalized age-group systems. In these 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.
|Date of creation:||30 Mar 2004|
|Date of revision:|
|Contact details of provider:|| Postal: |
Web page: http://web.uvic.ca/econ
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:vic:vicddp:0401. 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: (David Giles)
If references are entirely missing, you can add them using this form.