The Overlapping Generations Model and the Pension
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The Overlapping Generations Model and the Pension

        

The Overlapping Generations Model and the Pension

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This is a free, online textbook offered by Bookboon.com.  "This note presents the simplest overlapping generations model. The model is due to Diamond (1965), who built on earlier work by Samuelson (1958).Overlapping generations models capture the fact that individuals do not live forever, but die at some point and thus have finite life-cycles. Overlapping generations models are especially useful for analysing the macro-economic effects of different pension systems.The next section sets up the... More
Material Type: Open Textbook
Technical Format: PDF
Date Added to MERLOT: January 11, 2011
Date Modified in MERLOT: January 11, 2011
Author:
Submitter: Cathy Swift

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Primary Audience: College Lower Division, College Upper Division
Mobile Compatibility: Not specified at this time
Language: English
Cost Involved: no
Source Code Available: unsure
Accessiblity Information Available: unsure
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