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

ISBN: 9780521001151
Publisher: Cambridge University Press
Edition: 0
Publication Date: 2002-11-04
Number of pages: 398
  • $35.42

Any used item that originally included an accessory such as an access code, one time use worksheet, cd or dvd, or other one time use accessories may not be guaranteed to be included or valid. By purchasing this item you acknowledge the above statement.


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.

Customer Reviews

We Also Recommend