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Overlapping generations models with realistic demography

Antoine Bommier and Ronald Lee

Journal of Population Economics, 2003, vol. 16, issue 1, 135-160

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. Copyright Springer-Verlag Berlin Heidelberg 2003

Keywords: JEL classification: D9; E13; H55; H62; 010; 016; Key words: Overlapping generations; Pay-As-You-Go systems; demography (search for similar items in EconPapers)
Date: 2003
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