A Theory of Economic Growth: Dynamics and Policy in Overlapping GenerationsThis book provides an in-depth treatment of the overlapping generations model in economics incorporating production. |
From inside the book
Results 1-5 of 42
Page viii
... Over - accumulation of Capital 2.2.1 Dynamic Efficiency 2.1.2 The Optimal Stationary Path : The Golden Age 2222 72 73 74 77 80 82 82 2.2.2 Pareto Optimality of Dynamics 86 2.3 The Planning Problem 90 2.3.1 The Objective Function 91 2.3 ...
... Over - accumulation of Capital 2.2.1 Dynamic Efficiency 2.1.2 The Optimal Stationary Path : The Golden Age 2222 72 73 74 77 80 82 82 2.2.2 Pareto Optimality of Dynamics 86 2.3 The Planning Problem 90 2.3.1 The Objective Function 91 2.3 ...
Page ix
... Over Time : 138 An Example 3.2 Pensions 139 140 3.2.1 Fully Funded System 141 3.2.2 Pay - as - you - go System : Existence of Equilibrium 3.2.3 Pay - as - you - go Systems with Constant Pensions 143 144 3.2.4 Capital Accumulation and ...
... Over Time : 138 An Example 3.2 Pensions 139 140 3.2.1 Fully Funded System 141 3.2.2 Pay - as - you - go System : Existence of Equilibrium 3.2.3 Pay - as - you - go Systems with Constant Pensions 143 144 3.2.4 Capital Accumulation and ...
Page xiii
Sorry, this page's content is restricted.
Sorry, this page's content is restricted.
Page 58
Sorry, this page's content is restricted.
Sorry, this page's content is restricted.
Page 67
Sorry, this page's content is restricted.
Sorry, this page's content is restricted.
Contents
VI | 1 |
VII | 2 |
VIII | 3 |
IX | 4 |
XI | 6 |
XII | 10 |
XIV | 11 |
XV | 12 |
XCII | 172 |
XCIII | 173 |
XCIV | 174 |
XCV | 175 |
XCVI | 178 |
XCVII | 179 |
XCVIII | 181 |
C | 182 |
XVI | 15 |
XVIII | 16 |
XIX | 19 |
XX | 20 |
XXI | 22 |
XXII | 27 |
XXIII | 29 |
XXIV | 34 |
XXV | 37 |
XXVI | 39 |
XXVII | 41 |
XXVIII | 42 |
XXIX | 43 |
XXX | 45 |
XXXII | 50 |
XXXIII | 51 |
XXXIV | 53 |
XXXV | 54 |
XXXVI | 56 |
XXXVII | 57 |
XXXVIII | 64 |
XXXIX | 66 |
XL | 70 |
XLI | 72 |
XLII | 73 |
XLIII | 74 |
XLIV | 77 |
XLV | 80 |
XLVI | 82 |
XLVIII | 86 |
XLIX | 90 |
L | 91 |
LI | 92 |
LII | 95 |
LIII | 99 |
LIV | 101 |
LV | 102 |
LVI | 106 |
LVIII | 108 |
LIX | 112 |
LXI | 114 |
LXII | 115 |
LXIII | 116 |
LXV | 117 |
LXVI | 118 |
LXVII | 120 |
LXVIII | 121 |
LXIX | 122 |
LXX | 124 |
LXXI | 127 |
LXXII | 129 |
LXXIII | 136 |
LXXIV | 138 |
LXXV | 139 |
LXXVI | 140 |
LXXVII | 141 |
LXXVIII | 143 |
LXXIX | 144 |
LXXX | 150 |
LXXXI | 152 |
LXXXII | 155 |
LXXXIV | 158 |
LXXXV | 159 |
LXXXVI | 161 |
LXXXVIII | 162 |
LXXXIX | 165 |
XC | 167 |
XCI | 171 |
CI | 183 |
CII | 184 |
CIII | 186 |
CIV | 190 |
CV | 192 |
CVI | 193 |
CVII | 195 |
CVIII | 198 |
CIX | 203 |
CX | 208 |
CXI | 211 |
CXII | 216 |
CXIV | 219 |
CXV | 223 |
CXVI | 226 |
CXVII | 230 |
CXIX | 233 |
CXX | 236 |
CXXI | 238 |
CXXII | 239 |
CXXIV | 246 |
CXXV | 248 |
CXXVI | 252 |
CXXVII | 256 |
CXXVIII | 257 |
CXXIX | 259 |
CXXX | 269 |
CXXXI | 274 |
CXXXII | 280 |
CXXXIII | 281 |
CXXXIV | 286 |
CXXXV | 289 |
CXXXVI | 290 |
CXXXVII | 291 |
CXXXVIII | 292 |
CXXXIX | 294 |
CXL | 295 |
CXLI | 297 |
CXLII | 300 |
CXLIII | 304 |
CXLIV | 305 |
CXLVI | 307 |
CXLVII | 308 |
CXLVIII | 309 |
CXLIX | 310 |
CL | 311 |
CLI | 312 |
CLII | 314 |
CLIV | 315 |
CLV | 316 |
CLVI | 320 |
CLVII | 322 |
CLVIII | 326 |
CLIX | 335 |
CLX | 338 |
CLXII | 340 |
CLXIII | 341 |
CLXIV | 343 |
CLXV | 344 |
CLXVI | 345 |
CLXVII | 347 |
CLXVIII | 349 |
CLXIX | 353 |
CLXX | 355 |
369 | |
373 | |
Common terms and phrases
a₁ agents allocation altruism analyze Arrow-Debreu assume assumption b₁ Bellman equation bequests budget constraint c₁ capital accumulation catching point characterized Cobb-Douglas constant consumption converges corner steady d₁+1 debt decreasing defined Definition di+1 distribution dynamics eigenvalues equation equilibrium with perfect example exists F(K₁ factor feasible trajectory Figure finite first-order given golden rule h₁ Hence holds human capital implies increasing infinite initial capital stock initial condition inter-temporal equilibrium k₁ K₁+1 labor life-cycle income limit logarithmic utility modified golden rule monotonic negative obtain optimal path over-accumulation overlapping generations model parameter pensions perfect foresight period planner positive steady problem production function proposition public spending R₁ R₁+1 S₁ saddle point savings sequence stable stock of capital temporary equilibrium transversality condition under-accumulation unique utility function value function variables verifies w₁ wage Welfare Theorem x₁ zero