Overlapping Generations Models of Graded Age-Group Societies: Economics Meets Ethnography
Merwan Engineer () and
Linda Welling ()
No 102, Department Discussion Papers from Department of Economics, University of Victoria
Across much of the world tribal societies are organized into age groups. In these age-group societies, social and economic relations between individuals are regulated by well-established rules governing transitions through the lifecycle. In this paper we detail the relationship between the classic formulations in Stewart's (1977) "Fundamentals of Age-Group Systems" and the overlapping generations (OLG) model. We establish that OLG models can accurately represent a large subset of actual age-group societies called graded age-set societies. Thus, an OLG model bears a close resemblance to reality.
Keywords: age sets; graded age-group systems; lifecycle; overlapping generations model (search for similar items in EconPapers)
JEL-codes: J10 P00 Z10 (search for similar items in EconPapers)
Pages: 29 pages
New Economics Papers: this item is included in nep-dge
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Persistent link: https://EconPapers.repec.org/RePEc:vic:vicddp:0102
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