ENGLISH

A Theory of Economic Growth: Dynamics and Policy in Overlapping Generations

By David de la Croix , Philippe Michel

Book information

Publisher
Cambridge University Press
Year
2002
ISBN
0521806429, 9780521806428, 9780511041785
Open Library ID
OL7755013M
Language
english
Format
PDF
Filesize
4 MB (4088028 bytes)
Pages
398\398
Topic
Economy
Library
avaxhome.ws
Scanned
yes
Time added
2010-05-31 15:29:46

Description

Inter-generational transfers are at the center of economic policy debates today. Reducing public debt; financing social security; taxing capital and bequests; and designing the education system imply substantial inter-generational transfers. The tool that economists employ to analyze these issues is the overlapping generations model, which reflects the different periods of life. When the model includes capital accumulation, it also allows researchers to formalize the development of an economy, relating its growth path to the savings behavior of young agents. The aim of this book is an in-depth analysis of this model that includes its major policy implications.

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