Christian Yvo Jaag

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Jaag
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Christian Yvo
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    Item type:Publication,
    Economic Ageing and Demographic Change
    (Verlag der österreichischen Akademie der Wissenschaften, 2007-05-06)
    Grafenhofer, Dominik
    ;
    Jaag, Christian  
    ;
    Keuschnigg, Christian  
    ;
    Keuschnigg, Mirela  
    ;
    Lutz, Wolfgang
    This paper presents a generalised model of overlapping generations with economic ageing of households. Economic age is defined as a set of personal attributes such as earnings potential and tastes that are characteristic of a person's position in the life-cycle. We separate the concepts of economic age and time since birth by assuming only a small number of different states of age. Agents sharing the same economic characteristics are aggregated analytically to a small number of age groups. The model thus allows for a very parsimonious approximation of life-cycle differences in earnings, wealth and consumption. As an illustration, we apply the model quantitatively to study the impact of demographic change.
    Type:journal article
    Journal:Vienna yearbook of population research
    Issue:5
    URI:https://www.alexandria.unisg.ch/handle/20.500.14171/80728