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A Theory of Economic Growth

Dynamics and Policy in Overlapping Generations

Více o knize

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.

Nákup knihy

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

Jazyk
Rok vydání
1998
Vazba
(měkká)
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Titul
A Theory of Economic Growth
Podtitul
Dynamics and Policy in Overlapping Generations
Jazyk
anglicky
Rok vydání
1998
Vazba
měkká
Počet stran
398
ISBN10
0521001153
ISBN13
9780521001151
Série
Anotace
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.