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On Overlapping Generations Models with Productive Capital by Gunther Lang (Paperback, 1996)

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About this product

Product Information

This text examines several unsolved problems in OLG models with productive capital. It uses Diamond analysis for a model with variable population growth and characterizes dynamically efficient allocations. The design of PAYE pension schemes and governemnt debt to achieve a Pareto-improvement of inefficient growth paths are invesitgated. Departing from pure efficiency aspects, the text turns to questions of intergenerational fairness optimal population growth. Finally, introducing a polito-economic model of transfers between generations, conflicting preferences between an infinite sequence of governments are solved for a Markov-perfect equilibrium, providing insights into mechanisms of growth and the nature of capital income tax.

Product Identifiers

Publisher
Springer-Verlag Berlin and Heidelberg Gmbh & Co. Kg
ISBN-13
9783540616030
eBay Product ID (ePID)
95634432

Product Key Features

Author
Gunther Lang
Publication Name
On Overlapping Generations Models with Productive Capital
Format
Paperback
Language
English
Subject
Government
Publication Year
1996
Type
Textbook
Number of Pages
98 Pages

Dimensions

Item Height
235mm
Item Width
155mm
Volume
443
Item Weight
189g

Additional Product Features

Title_Author
Gunther Lang
Series Title
Lecture Notes in Economics and Mathematical Systems
Country/Region of Manufacture
Germany

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