Macroeconomic consequences of demographic change: modeling issues and applications

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 algorithmallows 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. INDICE: Introduction.- 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.

• ISBN: 978-3-642-00145-1
• Editorial: Springer
• Encuadernacion: Rústica
• Páginas: 150
• Fecha Publicación: 01/04/2009
• Nº Volúmenes: 1
• Idioma: Inglés