Macroeconomic Consequences of Demographic Change

Modeling Issues and Applications

  • Sebastian┬áRausch

Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 621)

Table of contents

  1. Front Matter
    Pages 1-11
  2. Sebastian Rausch
    Pages 1-10
  3. Sebastian Rausch
    Pages 125-127
  4. Back Matter
    Pages 129-135

About this book

Introduction

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.

Keywords

Computable General Equilibrium Demographic change Heterogeneous Households Macroeconomics Overlapping Generations Models

Authors and affiliations

  • Sebastian┬áRausch

There are no affiliations available

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-00146-8
  • Copyright Information Springer-Verlag Berlin Heidelberg 2009
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Business and Economics
  • Print ISBN 978-3-642-00145-1
  • Online ISBN 978-3-642-00146-8
  • Series Print ISSN 0075-8442
  • About this book