The Dynamics of Utility in the Neoclassical OLG Model

Kuhle, Wolfgang

アイテム詳細

登録内容を編集ファイル形式で保存

一時保存へ追加

タグ情報を表示リリース履歴を表示詳細要約

公開

成果報告書

The Dynamics of Utility in the Neoclassical OLG Model

MPS-Authors

/persons/resource/persons183151

Kuhle, Wolfgang
Max Planck Institute for Research on Collective Goods, Max Planck Society;

External Resource

http://www.coll.mpg.de/pdf_dat/2012_22online.pdf
(プレプリント)

Fulltext (restricted access)

There are currently no full texts shared for your IP range.

フルテキスト (公開)

公開されているフルテキストはありません

付随資料 (公開)

There is no public supplementary material available

引用

Kuhle, W. (2012). The Dynamics of Utility in the Neoclassical OLG Model.

引用: https://hdl.handle.net/11858/00-001M-0000-0028-6EF8-3

要旨

This paper develops a method to study how life-cycle utility of a sequence of cohorts converges towards its steady state level in the neoclassical two-generations-overlapping model. This method allows to characterize utility changes associated with variations in exogenous policy parameters along the entire transition path between two steady states. At the same time it is not more complicated than a pure steady state analysis. Moreover, it can be applied to economies for which an explicit solution of the transition path is not available.