A Theory of Economic Growth David de la Croix, Philippe Michel

Name: A Theory of Economic Growth David de la Croix, Philippe Michel
SKU: X89-83
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Autor	David de la Croix, Philippe Michel
Uvez	Tvrdi
Izdavač	Cambridge University Press
Godina izdavanja	2002
Stranica	378
Stanje	Rabljeno / Vrlo dobro očuvano 9/10
Jezik	Engleski

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A Theory of Economic Growth David de la Croix, Philippe Michel

Dynamics and Policy in Overlapping Generations

Inter-generational transfers are at the center of economic policy debates today. Reducing public debt; financing social security; taxing capital and bequests; and designing the education system imply substantial inter-generational transfers. The tool that economists employ to analyze these issues is the overlapping generations model, which reflects the different periods of life. When the model includes capital accumulation, it also allows researchers to formalize the development of an economy, relating its growth path to the savings behavior of young agents. The aim of this book is an in-depth analysis of this model that includes its major policy implications.

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