© 2009

Macroeconomic Consequences of Demographic Change

Modeling Issues and Applications


Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 621)

Table of contents

  1. Front Matter
    Pages 1-11
  2. Sebastian Rausch
    Pages 1-10
  3. Sebastian Rausch
    Pages 125-127
  4. Back Matter
    Pages 129-135

About this book


This book presents a new computational approach to solving large-scale Auerbach-Kotlikoff Overlapping Generations (OLG) models in a complementarity format. Unlike with integrated solution methods, the proposed decomposition algorithm allows for the solution of multi-regional and multi-sectoral OLG models that exhibit a large number of heterogeneous consumers and a variety of household-specific effects. By broadening the scope of economic analysis, this new approach provides a powerful tool for applied general equilibrium modelers. In this book, the algorithm is applied to the macroeconomics of demographic change, demonstrating its flexibility and scope as a solution concept. With a specific analysis on the implications of globally unsynchronized demographic patterns for international trade, the book also explores the sectoral and distributional consequences of an aging population in Germany.


Computable General Equilibrium Demographic change Heterogeneous Households Macroeconomics Overlapping Generations Models

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