Macroeconomic Consequences of Demographic Change [electronic resource] : Modeling Issues and Applications / by Sebastian Rausch.
Tipo de material: TextoSeries Lecture Notes in Economics and Mathematical Systems ; 621 | Lecture Notes in Economics and Mathematical Systems ; 621Editor: Berlin, Heidelberg : Springer Berlin Heidelberg, 2009Descripción: online resourceTipo de contenido:- text
- computer
- online resource
- 9783642001468
- SpringerLink (Online service)
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.
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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