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A Theory of Economic Growth

Dynamics and Policy in Overlapping Generations

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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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A Theory of Economic Growth, David de la Croix, Philippe Michel

Langue
Année de publication
1998
Reliure
(souple),
État du livre
Très bon
Prix
13,49 €

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Titre
A Theory of Economic Growth
Sous-titre
Dynamics and Policy in Overlapping Generations
Langue
Anglais
Publié
1998
Format
souple
Pages
398
ISBN10
0521001153
ISBN13
9780521001151
Séries
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.