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dc.creator Grafenhofer, Dominik
dc.creator Jaag, Christian
dc.creator Keuschnigg, Christian
dc.creator Keuschnigg, Mirela
dc.date 2006
dc.date.accessioned 2013-10-16T07:03:08Z
dc.date.available 2013-10-16T07:03:08Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19144
dc.identifier ppn:510027466
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19144
dc.description The paper develops an overlapping generations model with probabilistic aging of households. We define age as a set of personal attributes such as earnings potential, health and tastes that are characteristic of a person's position in the life-cycle. In assuming a limited number of different states of age, we separate the concepts of age and time since birth. Agents may retain their age characteristics for several periods before they move with a given probability to another state of age. Different generations that share the same age characteristics are aggregated analytically to a low number of age groups. The probabilistic aging model thus allows for a very parsimonious yet rather close approximation of demographic structure and life-cycle differences in earnings, wealth and consumption. Existing classes of overlapping generations models follow as special cases.
dc.language eng
dc.publisher
dc.relation CESifo working papers 1680
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject J21
dc.subject H55
dc.subject D91
dc.subject D58
dc.subject ddc:330
dc.subject overlapping generations
dc.subject aging
dc.subject demographics
dc.subject life-cycle earnings
dc.subject Overlapping Generations
dc.subject Alternde Bevölkerung
dc.subject Bevölkerungsentwicklung
dc.subject Lebenseinkommen
dc.subject Theorie
dc.title Probabilistic aging
dc.type doc-type:workingPaper


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