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Chapitre d'ouvrage Année : 2011

Continuous-Time Overlapping Generations Models

Résumé

Age structured populations are studied in economics through overlapping generations models. These models allow for a realistic characterization of life-cycle behaviors and display intertemporal equilibrium that are not necessarily efficient. This article uses the latest developments in continuous time overlapping generations models to show the influence of the vintage structure of the population on the volatility of intertemporal prices. Permanent cycles can be found on the neighborhood of steady-states while the transitional dynamics are generically governed by short run fluctuations.
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Dates et versions

hal-00424799, version 1 (17-10-2009)

Identifiants

  • HAL Id : hal-00424799 , version 1
  • PRODINRA : 246051

Citer

Hippolyte d'Albis, Emmanuelle Augeraud-Véron. Continuous-Time Overlapping Generations Models. R. Boucekkine, N. Hritonenko and Y. Yatsenko. Optimal Control of Age-structured Population in Economy, Demography, and the Environment., Taylor and Francis, pp.45-69, 2011, Routledge Explorations in Environmental Economics. ⟨hal-00424799⟩
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