Overlapping generations models with realistic demography |
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| Authors: | Bommier Antoine Lee Ronald D |
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| Institution: | (1) Institut National d'Etudes Démographiques (INED), 133 Boulevard Davout 75980 Paris Cedex 20, France (Fax: +33-1-5606-2199; e-mail: bommier@ined.fr.) and Laboratoire d'Economie Appliquée (LEA-INRA), FR;(2) Departments of Demography and Economics, University of California, 2232 Piedmont Ave., Berkeley, CA 94720-2120, USA (Fax: +1-510-643-8558; e-mail: rlee@demog.berkeley.edu), US |
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| Abstract: | This paper revisits the literature on overlapping generations models in the demographic context of a continuous age distribution
and a general age schedule of mortality. We show that most of the static results known for the 3 or N age-group models can be extended to the continuous model. Some results, previously established for economies without capital,
are extended to productive economies. We also make some progress on the existence of some steady states as well as on the
dynamic properties.
Received: 27 March 2000/Accepted: 25 April 2001 |
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| Keywords: | JEL classification: D9 E13 H55 H62 010 016 |
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