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Economics/Finances A Theory of Economic Growth: Dynamics and Policy in Overlapping Generations

Posted on 2010-03-16




Name:Economics/Finances A Theory of Economic Growth: Dynamics and Policy in Overlapping Generations
ASIN/ISBN:0521806429
Language:English
File size:3.6 Mb
Publisher: Cambridge University Press
ISBN: 0521806429
Publish Date: edition 2002
File Type: PDF
Pages: 396 pages
File Size: 3,6 mb
   Economics/Finances A Theory of Economic Growth: Dynamics and Policy in Overlapping Generations

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A Theory of Economic Growth: Dynamics and Policy in Overlapping Generations

Inter-generational transfers are at the left of economic policy debates today. Reducing public debt; financing social security; taxing capital and bequests; and designing the education system imply substantial inter-generational transfers. The tool that economists employ to analyze these issues is the overlapping generations model, which reflects the different periods of life. When the model includes capital accumulation, it also allows researchers to formalize the development of an economy, relating its growth path to the savings behavior of young agents. The aim of this book is an in-depth analysis of this model that includes its major policy implications.

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