GAMMA, a Simulation Model for Ageing, Pensions and Public Finances

Nick Draper () and Alex Armstrong ()

CPB Documents from CPB Netherlands Bureau for Economic Policy Analysis

Abstract: To answer policy questions that have intergenerational implications, a computable simulation model should obey four conditions: it should incorporate long-term demographic developments, it should include a detailed modelling of the public sector, it should decompose the population into several generations and it should account for the behaviour of the various economic agents. This document describes and illustrates a model that meets all these conditions. It is an applied general equilibrium model that is based on generational accounting principles named GAMMA (Generational Accounting Model with Maximizing Agents).

Keywords: Computable general equilibrium model; Ageing; Pensions and Public Finances (search for similar items in EconPapers)
JEL-codes: D58 E62 H55 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-age, nep-dge and nep-pub
Date: 2007-06
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Persistent link: http://EconPapers.repec.org/RePEc:cpb:docmnt:147

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