Sebastian Rausch

Macroeconomic Consequences of Demographic Change (eBook, PDF)

Modeling Issues and Applications

• Format: PDF

Produktbeschreibung

This book presents a new computational approach to solving large-scale Auerbach-Kotlikoff Overlapping Generations (OLG) models in a complementarity format. Unlike with integrated solution methods, the proposed decomposition algorithm allows for the solution of multi-regional and multi-sectoral OLG models that exhibit a large number of heterogeneous consumers and a variety of household-specific effects. By broadening the scope of economic analysis, this new approach provides a powerful tool for applied general equilibrium modelers. In this book, the algorithm is applied to the macroeconomics of demographic change, demonstrating its flexibility and scope as a solution concept. With a specific analysis on the implications of globally unsynchronized demographic patterns for international trade, the book also explores the sectoral and distributional consequences of an aging population in Germany.

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Produktdetails

• Verlag: Springer Berlin Heidelberg
• Seitenzahl: 135
• Erscheinungstermin: 3. April 2009
• Englisch
• ISBN-13: 9783642001468
• Artikelnr.: 37372204

Inhaltsangabe

Computation of Equilibria in OLG Models with Many Heterogeneous Households.- Trade Liberalization and Global Demographic Change: A Quantitative Assessment.- Quantifying the Sectoral and Distributional Effects of Demographic Change in Germany.- Concluding Remarks.