Abstract
At this stage, we leave the Solow model and turn to the overlapping generations model. The Solow model was based on a fixed saving ratio. The overlapping generations model, instead, assumes intertemporal optimization by private agents within a finite horizon.
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© 2013 Springer-Verlag Berlin Heidelberg
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Carlberg, M., Hansen, A. (2013). Overlapping Generations. In: Sustainability and Optimality of Public Debt. Physica, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-32967-8_4
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DOI: https://doi.org/10.1007/978-3-642-32967-8_4
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Publisher Name: Physica, Berlin, Heidelberg
Print ISBN: 978-3-642-32966-1
Online ISBN: 978-3-642-32967-8
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