Please use this identifier to cite or link to this item: http://dspace.mediu.edu.my:8181/xmlui/handle/10419/19144
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dc.creatorGrafenhofer, Dominik-
dc.creatorJaag, Christian-
dc.creatorKeuschnigg, Christian-
dc.creatorKeuschnigg, Mirela-
dc.date2006-
dc.date.accessioned2013-10-16T07:03:08Z-
dc.date.available2013-10-16T07:03:08Z-
dc.date.issued2013-10-16-
dc.identifierhttp://hdl.handle.net/10419/19144-
dc.identifierppn:510027466-
dc.identifier.urihttp://koha.mediu.edu.my:8181/xmlui/handle/10419/19144-
dc.descriptionThe 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.languageeng-
dc.publisher-
dc.relationCESifo working papers 1680-
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.subjectJ21-
dc.subjectH55-
dc.subjectD91-
dc.subjectD58-
dc.subjectddc:330-
dc.subjectoverlapping generations-
dc.subjectaging-
dc.subjectdemographics-
dc.subjectlife-cycle earnings-
dc.subjectOverlapping Generations-
dc.subjectAlternde Bevölkerung-
dc.subjectBevölkerungsentwicklung-
dc.subjectLebenseinkommen-
dc.subjectTheorie-
dc.titleProbabilistic aging-
dc.typedoc-type:workingPaper-
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