Debt, Deficits, and Age-Specific Mortality:
This paper develops an overlapping agents model with age-specific mortality rates. The analytical framework also nests Blanchard''s (1985) ""perpetual youth"" model as a special, though perhaps not realistic, case. With age specific mortality rates, youth is ""...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2002
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Schriftenreihe: | IMF Working Papers
Working Paper No. 02/19 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper develops an overlapping agents model with age-specific mortality rates. The analytical framework also nests Blanchard''s (1985) ""perpetual youth"" model as a special, though perhaps not realistic, case. With age specific mortality rates, youth is ""fleeting."" Using standard hyperbolic functions, the model with fleeting youth is able to closely replicate the empirical relation between age and mortality. The comparative implications for deficit finance are also examined and age-specific mortality is shown to alter the non-Ricardian properties of the model |
Beschreibung: | 1 Online-Ressource (20 p) |
ISBN: | 1451843755 9781451843750 |
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spelling | Faruqee, Hamid Verfasser aut Debt, Deficits, and Age-Specific Mortality Faruqee, Hamid Washington, D.C International Monetary Fund 2002 1 Online-Ressource (20 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 02/19 This paper develops an overlapping agents model with age-specific mortality rates. The analytical framework also nests Blanchard''s (1985) ""perpetual youth"" model as a special, though perhaps not realistic, case. With age specific mortality rates, youth is ""fleeting."" Using standard hyperbolic functions, the model with fleeting youth is able to closely replicate the empirical relation between age and mortality. The comparative implications for deficit finance are also examined and age-specific mortality is shown to alter the non-Ricardian properties of the model Online-Ausg http://elibrary.imf.org/view/IMF001/01578-9781451843750/01578-9781451843750/01578-9781451843750.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Faruqee, Hamid Debt, Deficits, and Age-Specific Mortality |
title | Debt, Deficits, and Age-Specific Mortality |
title_auth | Debt, Deficits, and Age-Specific Mortality |
title_exact_search | Debt, Deficits, and Age-Specific Mortality |
title_exact_search_txtP | Debt, Deficits, and Age-Specific Mortality |
title_full | Debt, Deficits, and Age-Specific Mortality Faruqee, Hamid |
title_fullStr | Debt, Deficits, and Age-Specific Mortality Faruqee, Hamid |
title_full_unstemmed | Debt, Deficits, and Age-Specific Mortality Faruqee, Hamid |
title_short | Debt, Deficits, and Age-Specific Mortality |
title_sort | debt deficits and age specific mortality |
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