Advertisement

The Overlapping Generations Framework

  • José Luis Iparraguirre
Chapter

Abstract

This chapter introduces the overlapping generations framework, which inserts the life-cycle model within a dynamic, general equilibrium setting. After a description of the basic tenets of this framework, the chapter discusses its rationale and how it is used in practice.

References

  1. Afonso, Oscar, and Paulo Vasconcelos. Computational Economics: A Concise Introduction. Routledge Advanced Texts in Economics and Finance. Abingdon: Routledge, 2016.Google Scholar
  2. Ainslie, George. “Beyond Microeconomics: Conflict Among Interests in a Multiple Self as a Determinant of Value.” In The Multiple Self. Edited by Jon Elster. 133–175. Cambridge: Cambridge University Press, 1986.Google Scholar
  3. Altman, Morris, ed. Handbook of Contemporary Behavioral Economics: Foundations and Developments. New York: Routledge, 2006.Google Scholar
  4. Arrau, Patricio. How Does the Debt Crisis Affect Investment and Growth? A Neoclassical Growth Model Applied to Mexico. Policy Research Working Paper Series, vol. 378. New York: The World Bank, 1990.Google Scholar
  5. Auerbach, Alan J., and Laurence J. Kotlikoff. Dynamic Fiscal Policy. Cambridge: Cambridge University Press, 1987.Google Scholar
  6. Blinder, Alan S. Toward an Economic Theory of Income Distribution, vol. 11. Cambridge, MA: The MIT Press, 1974.Google Scholar
  7. Bommier, Antoine, and Ronald Lee. “Overlapping Generations Models with Realistic Demography.” Journal of Population Economics 16 (2003): 135–160.CrossRefGoogle Scholar
  8. Crettez, Bertrand, Philippe Michel, and Jean-Pierre Vidal. “Time Preference and Capital Mobility in an OLG Model with Land.” Journal of Population Economics 11, no. 1 (1998): 149–158.CrossRefGoogle Scholar
  9. Etzioni, Amitai. “The Case for a Multiple-Utility Conception.” Economics and Philosophy 2, no. 2: 159–184 (1986).Google Scholar
  10. Geanakoplos, John. “Overlapping Generations Model of General Equilibrium.” In The New Palgrave: A Dictionary of Economics Vol. 6. Edited by John Eatwell, Murray Milgate, and Peter Newman. 240–260. London: Springer, 1989.Google Scholar
  11. Harrod, Roy. Towards a Dynamic Economics. London: Macmillan, 1948.Google Scholar
  12. Heijdra, Ben J. Foundations of Modern Macroeconomics, 2nd ed. Oxford: Oxford University Press, 2009.Google Scholar
  13. Jamison, Julian, and Jon Wegener. “Multiple Selves in Intertemporal Choice.” Journal of Economic Psychology 31, no. 5 (2010): 832–839.CrossRefGoogle Scholar
  14. Judd, Kenneth. Numerical Methods in Economics. Cambridge, MA: The MIT Press, 1998.Google Scholar
  15. Kotlikoff, Laurence J. “Paul Samuelson’s Amazing Intergenerational Transfer.” In Samuelsonian Economics and the Twenty-First Century. Edited by Michael Szenberg, Lall Ramrattan, and Aron Gottesman. 42–53. Oxford: Oxford University Press, 2006.CrossRefGoogle Scholar
  16. Kotlikoff, Laurence J., Kent Smetters, and Jan Walliser. “Mitigating America’s Demographic Dilemma by Pre-Funding Social Security.” Journal of Monetary Economics 54, no. 2 (2007): 247–266.CrossRefGoogle Scholar
  17. Le Cacheux, Jacques, and Vincent Touzé. Les modèles d’équilibre général calculable à générations imbriquées. Revue de l’OFCE 1 (2002): 87–113.Google Scholar
  18. Lester, David. On Multiple Selves. New Brunswick, NJ: Transaction Publishers, 2015.Google Scholar
  19. Neusser, Klaus. “Savings, Social Security and Bequests in an OLG Model. A Simulation Exercise for Austria.” Journal of Economics 7 (1993): 133–155.CrossRefGoogle Scholar
  20. Olmsted Williams, Ralph. “Robinson Crusoe’s Island.” Modern Language Notes 23, no. 3 (1908): 85–87.Google Scholar
  21. Persson, Torsten, and Guido Enrico Tabellini. Political Economics: Explaining Economic Policy. Cambridge, MA: The MIT Press, 2002.Google Scholar
  22. Samuelson, Paul A. “An Exact Consumption-Loan Model of Interest With or Without the Social Contrivance of Money.” The Journal of Political Economy 66, no. 6 (1958): 467–482.Google Scholar
  23. Sheiner, Louise, Daniel Sichel, and Lawrence Slifman. A Primer on the Macroeconomic Implications of Population Aging. Washington, DC: Federal Reserve Board, 2007.Google Scholar
  24. Shell, Karl. “Notes on the Economics of Infinity.” The Journal of Political Economy 79, no. 5 (1971): 1002–1011.CrossRefGoogle Scholar
  25. Tvede, Mich. Overlapping Generations Economies. Basingstoke: Palgrave Macmillan, 2010.CrossRefGoogle Scholar
  26. Weil, Philippe. “Overlapping Generations: The First Jubilee.” The Journal of Economic Perspectives 22, no. 4 (2008): 115–134.CrossRefGoogle Scholar

Copyright information

© The Author(s) 2018

Authors and Affiliations

  • José Luis Iparraguirre
    • 1
    • 2
  1. 1.University of MorónBuenos AiresArgentina
  2. 2.Age UKLondonUK

Personalised recommendations