Macroeconomic Consequences of Demographic Change
Modeling Issues and Applications
Buch in deiner Nähe kaufen
Beschreibung
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.
This book represents a culmination of my Ph.D. research conducted at the Ruhr Graduate School in Economics and at the University of Duisburg-Essen from Oc- ber 2005 to April 2008. Many people have generously contributed their time, ex- rience and resources towards the success of this dissertation. First and foremost, I would like to thank Prof. Dr. Volker Clausen, a great sup- visor, who has always encouraged my work. It has been a pleasure to work under his excellent guidance. His steady engagement and support have provided me the kind of working environment that has proved to be instrumental in writing this thesis. I am also grateful to my second supervisor, Prof. Dr. Thomas F. Rutherford, who has inspired my work from the beginning. This thesis would de?nitely not have been possible without his innumerable and fundamental contributions in the area of c- putational economics. As a co-author of Chapter 2 of this thesis, he was a pleasure to collaborate with and learn from.
Includes supplementary material: sn.pub/extras
Autor*in
Sebastian Rausch
Themen in »Macroeconomic Consequences of Demographic Change«
Computable General Equilibrium Demographic change Heterogeneous Households Macroeconomics Overlapping Generations Models